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Business Correspondent
Zimbabwe’s casinos have drawn many of the country’s residents, who often gamble at traditional gaming establishments. Online gambling operations are skipping a step and moving from zero to mobile fast as more than 50 percent of the population now has access to the Internet and mobile phones are typically the alternative.

Every new mobile bitcoin casino in Zimbabwe is gaining popularity, partly because of the increasing number of citizens looking to hold bitcoin for daily transactions.

Zimbabweans aren’t concerned about crypto mining; they’re learning to utilise it as legal cash. The popularity of virtual assets and the US dollar is based on the need to preserve value.

The goal of crypto currencies is to be decentralised from financial authorities. The only factors influencing its economy are supply and demand. The adoption of Bitcoin in Kenya and Nigeria solidifies its protection against value depreciation.

Remittance charges are what Zimbabweans are most interested in lowering. The nation is renowned for its workforce that travels overseas. Additionally, it enables regional firms to welcome foreign clients or consumers. Zimbabweans who accept virtual assets as payment may swap them for cash via global web-based exchanges. Exchanges run by AI, like BitQT, assist this process.

Zimbabweans can make more money from the tokens and cryptocurrencies they sell on these platforms since their charges are lower than on company-owned outlets.

However, Zimbabweans have the most diversified crypto portfolios in Africa, according to research from May 2021. Because it has the most significant applications, Bitcoin is among the most well-liked assets in the nation. They also invested in other cryptocurrencies like Ripple and Tether, which are excellent remittance value stores.

Most Zimbabweans choose to bet online to avoid the possibility of social stigma because it is a more accessible method to access their favourite games. They do this utilising their mobile phones. Every year, the United Kingdom Gambling Commission (UKGC) releases comprehensive statistics on the gambling preferences of residents, which is usually helpful for understanding how a market is organised.

The rapid move toward gambling on mobile devices is beneficial to players. Still, it may not benefit the economy if it cannot find a method to profit from the activity. Without government oversight, unregulated marketplaces lack any means of generating cash from online gambling.

Countries have adopted various approaches to this issue, including a total ban and the issuance of licences. Licensing every operator in the market has proven to be the best way to regulate online gambling. This protects consumers and generates tax revenue. This way, the Government can revoke a licence, giving it firm control over the operator. In addition, it enables a country to reap the benefits of all its income in the market, just as foreign companies are taxed for making money in Zimbabwe.

As Zimbabwe’s online gambling regulation remains unclear, it’s hard to say which direction the country will take. However, one thing is certain: Gambling in Zimbabwe is now mobile, with more and more people using smartphones to place bets.