According to Cointelegraph, the Reserve Bank of Zimbabwe (RBZ) has recognized the gold-based digital token 'Zimbabwe Gold' (ZiG) as an official payment method. “Digital tokens can be stored in e-gold wallets or e-gold cards and can be used in both peer-to-peer and business transactions,” explained John Mangudya, Governor of the Central Bank of Zimbabwe. RBZ previously launched the project earlier this year and stated that all digital tokens issued would be backed by gold held in bank reserves.