The Reserve Bank of Zimbabwe has announced that the Zimbabwe gold-backed digital token (ZiG) will become an official means of payment for domestic transactions. However, it remains unclear how the payment system will work. The Bank is still working on the technical infrastructure to support daily transactions.

The Bank began issuing the tokens in May this year, and in August it declared that the ZiG would provide the foundation for a central bank digital currency (CBDC).

Source: ledgerinsights.com