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Zimbabwe: Sun Exchange carries a solar energy project partly financed by Bitcoin

31/01/2022
Categories: Economy/Forex

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Sun Exchange has announced that it has obtained $1.4 million for the construction of a sustainable energy project in Zimbabwe. Thus, Zimbabwe will receive a project that introduces Bitcoin into its financing structure.

The South African company mobilizes financial resources through public appeals for funds (crowdfunding). In accordance with its method of execution, it puts on sale photovoltaic cells which, this time, have been purchased by 1905 people in 98 countries. Buyers of these energy assets make them available for electrification projects in areas with little or no grid service. The reimbursement will be made twenty years later, either in Bitcoin or in South African rand. According to Sun Exchange, generally, 60% of its contributors agree to be reimbursed in Bitcoin.

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