The Reserve Bank of Zimbabwe has begun testing a gold-backed digital currency

ChainCatcher news, the Reserve Bank of Zimbabwe is reportedly starting a "dry run" to test the feasibility of issuing a gold-backed digital currency that will be used as a means of payment. This digital currency will be accepted as legal tender for peer-to-peer transactions and is part of a series of measures by the Reserve Bank of Zimbabwe (RBZ) aimed at stabilizing the local currency.

According to reports, RBZ's Director of Economic Research and Policy Implementation, Nelson Mupunga, stated that the digital currency will serve as an alternative to the US dollar and other foreign currencies. "We are in the later stages; we are currently in the testing phase. Soon, we will allow gold digital tokens to be used for trading purposes, just like someone buying foreign currency from the parallel market. But at the same time, we can trade with it. Therefore, the token is coming soon and will fulfill the same function." (source link)