by Marvin Dumont
Apollo Fintech has signed a memorandum of agreement (MOA) with government-owned CBZ, a diversified and largest financial institution in Zimbabwe.
Apollo will develop and operate 3 national solutions in the country of 17 million, whose economy has been hampered by hyperinflation.
Per Apollo’s Twitter:
We are excited to announce that Zimbabwe will be a priority country in implementing national solutions.
Apollo will be working with CBZ, a gov backed entity and the largest bank in Zimbabwe, to develop and implement 3 of Apollo’s national solutions for the Nation of Zimbabwe.
Among the projects is a gold-backed digital currency per The Star article.
The government will be backing up the entire process and hopefully, we will be seeing the results of this collaboration soon enough.
This is one of the biggest developments in the blockchain industry. The company will announce more updates in the next few days.
Apollo Fintech is developing world-shaping fintech solutions for a global economy. Its product categories include Government Solutions, Commercial Products and Consumer Products. Apollo Fintech’s new platforms and tools include National Currency System, Tax System, Commodity Exchange, Mineral Claims System, Government Bank Platform, White Label Payment System, Bank Network, Knox Exchange, DEX, Apollo Cash and Apollo Currency.