Banks in Zimbabwe may offer loans using the newly released gold-backed digital tokens as collateral. The digital money that the central bank envisages as eventually being used in day-to-day transactions will compel lenders “to enable a third currency in their systems” in order to facilitate payments, the Bankers Association of Zimbabwe said in an emailed response to questions on Thursday. “As the balances on gold-backed digital tokens transacting currency grows, there is potential for the banks to offer all products that are offered in Zimbabwe dollars and US dollars,” it said. The southern African nation introduced ... (full story)