Business Correspondent|Green Dollar Stablecoin (GDC) has approached the Zimbabwe Revenue Authority (ZIMRA) seeking consideration for the use of its digital currency as an alternative payment option for selected taxes and customs duties.
GDC finance manager Margaret Mwanakatwe said the company, working in partnership with Africa Investors Hub, had formally engaged ZIMRA to explore the possibility of incorporating Green Dollar Coin into the authority’s payment framework.
The proposal, if accepted, could introduce another digital payment channel into Zimbabwe’s tax collection system, potentially making it easier for eligible taxpayers and businesses to settle certain statutory obligations
The engagement seeks to establish whether GDC could be accepted as a digital payment option for eligible tax and customs transactions.
The proposal comes amid growing interest in digital financial solutions and alternative payment systems, with businesses increasingly exploring technology-driven ways of facilitating transactions.
However, the proposal remains subject to ZIMRA’s consideration, including regulatory, compliance and operational requirements. Any adoption would depend on the authority’s assessment and approval
If approved, the initiative could mark a significant development in Zimbabwe’s evolving digital finance landscape, particularly in expanding payment options for taxpayers and businesses involved in international trade.
