Bitcoin hits $26.000 in Zimbabwe after a technical glitch
These days, Zimbabwe traders had a surprise because bitcoin reached a historical high of $26.000. It seems that this surprise came after the trading platform Golix suffered a technical glitch.
Golix is known as being the only bitcoin exchange platform present in Zimbabwe. This platform managed to attract huge transaction numbers this year. Experts declared that this exchange platform was used to send bitcoin from the country or to remit money to Zimbabwe.
Golix suffered a technical glitch on Wednesday and it seems that it wasn’t resolved yet. The interesting thing is that this technical glitch comes after the country suffered a huge internet outage on Tuesday. After the internet outage, several internet platforms and applications went offline, including Golix.
Golix sent an email to users and traders on Thursday, declaring that:
Golix users were unhappy with the temporary downtime
After the technical problem, several publications and web experts have started to make public declarations. For example, Techzim, a Zimbabwean technology blog, declared that “users expressed frustration with the downtime as the exchange was not fulfilling any orders.” It seems that users are unhappy with the fact that Golix didn’t come with an official explanation and no exact time of when the problem will be solved.
Techzim also said that:
This year, Golix managed to process Bitcoin trade values to approximately $1 million, because banks in Zimbabwe failed to process international transactions on time. The Zimbabwe government declared that bitcoin grew very much lately.
Moreover, the Posts and Telecommunications Regulatory Authority from this country declared that mobile wallet transactions reached $1.2 billion at the end of September.