P2P gold token transactions divide opinion

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THE Reserve Bank of Zimbabwe is expected to introduce person-to-person (P2P) transactions for its gold-backed digital tokens soon, a development that has divided analysts’ opinions.
Some have hailed the idea as a “game-changer,” while others have called it a “non-event.”
This follows the Zimbabwe dollar’s recent depreciation against major currencies on the back of deteriorating confidence in the domestic unit.
The central bank introduced gold-backed digital tokens as part of efforts to reduce demand for US dollars, which now supersede the local unit as the preferred currency for transactions.