Batswana skeptical of Bitcoin

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Despite the skyrocketing value of Bitcoin, Botswana is yet to embrace this cryptocurrency craze that is sweeping the world.

While other Southern African countries such as neighbouring South Africa and Zimbabwe have embraced Bitcoin, in Botswana people still have reservations about this technology.

As Bitcoin has a reputation for being unpredictable, unsafe and volatile, in Zimbabwe it has become a safe haven for many fretting over the liquidity situation in that country.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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