Zimbabwean authorities have decided to introduce a new digital currency that will be backed by gold. The new central bank digital currency (CBDC) can be used as a means of payment within the country and to maintain its stability.
The cryptocurrency ecosystem is vast and growing, with new segments sprouting up faster than innovation can keep up. Early on, the industry consisted of miners and hobbyists who were in it for the tech.
It is now a fact that more and more people are making profits in cryptocurrency. This applies not only to investors and traders, but also the many people that receive cryptocurrency as payment for their labor.