Great news in the midst of the chaos!
Dear ZIMBOCASH family
Zimbabwe is in a state of major economic turmoil right now. It dovetails with an important announcement from us for our community.
The state of Zimbabwe
The Zimbabwe dollar is depreciating rapidly as a medium of exchange and the government is exploring the other alternatives — including the US dollar in trade.
However, there is no appropriate US dollar banking system in Zimbabwe and much of trade is now becoming completely cash-based. There are long queues at the banks where people are trying to withdraw cash.
For Zimbabweans, the forex banking alternatives are becoming increasingly unreliable.
Two weeks ago World Remit, one of the largest remittance providers and the supplier to Mukuru, terminated some of their remittance services to Zimbabwe. Likewise, the South African Reserve Bank is currently investigating shutting down the bank accounts of all Zimbabwean citizens in South Africa. The US dollar and the South African rand are not the solution to the monetary problems in Zimbabwe.
Dollarisation in any form would result in Zimbabwe losing sovereignty to these other nations — we will be talking more on this in the next few weeks.
There is only one solution to the problem of money printing. That is to fix the supply of money. This is what we are doing with ZASH. We believe we are providing the solution that will cause a radical turnaround in the economic fortunes of Zimbabwe.
Our exciting news
While this is going on, we have some exciting news at ZIMBOCASH. We have been working hard to deliver a complete solution for you.
Vendor application opened up to all stores
We are opening up the vendor program to all vendors in Zimbabwe. If you sell agricultural produce (i.e. food), you can apply to our Approved Vendor campaign. If you receive ZASH in trade you can cash-out $1 per buyer per day. To join, go into your wallet now and apply via the Vendor Application tab in your menu.
Ultimately, we want people to be able to buy food using ZASH, and for vendors to be able to cash in and out with ZASH as needed.
We have had many people ask how they can buy more with Zimbabwe dollars. We have enabled a Buy button where people can purchase more ZASH.
If you sign into your wallet, you can also buy more ZASH directly in the app simply and easily. You can buy with Zimbabwe dollars or with South African Rand. On your wallet screen, you will be able to see SEND, RECEIVE and BUY buttons. Simply navigate to the buy screen and follow the prompts.
Diaspora now can join
If you are in the diaspora, you can now join and receive your ZASH rewards.
You will need to download the android app, verify yourself with your Zimbabwean ID and then you will receive your ZASH allocation.
But hurry, you have until the 15th July 2022 to secure your current balance of ZASH, thereafter, everyone who signs up and successfully verifies will receive $8 worth of ZASH and $0.8 per referral.
As the economy in Zimbabwe begins to falter, our solution is coming on stream in a powerful way.
Download the android app here:
The ZIMBOCASH Team
Dear ZIMBOCASH Family We have had so much positive feedback since our presentation at the inaugural Anti-Money Laundering conference in Harare last week. Good news, we have uploaded the videos to YouTube — you can watch them here. The main talk from the ZIMBOCASH...
To our faithful ZIMBOCASH Family Big presentation coming this weekWe are excited to announce — we have been invited by the Financial Intelligence Unit (“FIU”) of Zimbabwe to present at the inaugural anti-money laundering conference on the 13th and 14th October 2022....
Dear ZIMBOCASH Family Greetings from us here at ZIMBOCASH. We stand at a moment in history where the central banks of the world are working together to create one globally integrated cashless banking system that will record all of the world’s transactions on a single...
Dear ZIMBOCASH family About a month ago, the US dollar became legal tender in Zimbabwe, as part of the adoption of a multi-currency regime. But the US dollar is not the solution to Zimbabwe’s problems. Here is why. Brace yourself, this is a longer article. We need to...
Dear ZIMBOCASH family, As we write this, Zimbabwe is entering hyperinflation again. When we went live with our ZASH vendor program the price of bread was Z$ 115, today the price is over Z$ 900. That is almost nine times the price it was two months ago. It is not just...
Dear ZIMBOCASH Family Just over a month ago, we announced an exciting collaboration with ZiTenga to provide stores with a cash-out facility for ZASH purchases. Supermarket accepting ZASH As part of this, on the 11th of April, PW Trading, a supermarket in Njube in...
Buy a bag of mielie meal using ZASH! Dear ZIMBOCASH FamilyThe most popular questions we get from people is, where can I use my ZASH? Which vendors use ZASH in trade? This is the crucial question of our network. Without vendors, there can be no buyers. Without...
Hi Family We wanted to let you know of changes happening in our team. One of the pioneers of our movement, Laswet Savadye, will be leaving. We're tremendously sad to see him go. He has been a pillar in our community and we will miss him. We are still...
To our ZIMBOCASH FamilyWe trust that the year has started off well for you! What has been brewing? Many of you have been waiting for an update. You asked, and we have been listening. At the end of last year, we told you that we were working on a partnership that we...