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20/11/2017 · The digital currency has been trading at up to $13,000 (£9,800) on Golix, the country’s primary bitcoin exchange, over 50pc higher than bitcoin’s global price of around $8,000.
Golix has been operational in Zimbabwe as an exchange for 3 years already and boasts of over 50,000 customers having transacted over US$20m to date. The funds raised will see them opening exchanges in more African countries as well as expanding their portfolio of services offered.
Practically, this has had a rather shocking effect on the price of Bitcoin in Zimbabwe. The rest of the world’s eyes popped when Bitcoin hit an all-time high of nearly US$8000 over the weekend. However, the high volume of trade on the Harare-based exchange Golix.io pushed the price of Bitcoin as high as US$13,900 over the same time period.