More countries around the world are now taking a closer look at Bitcoin and other cryptocurrencies as they paint the trend table green.

The government of Zanzibar, a semi-autonomous territory in the United Republic of Tanzania, reportedly said it is moving towards adopting cryptocurrency for transactions in the territory.

According to a report by local news site The Citizen, Zanzibar’s government is planning on consulting stakeholders and experts in the digital currency domain to get their views before making a decision.

Speaking on the matter, Zanzibar’s Minister of State Economy and Investment, Mr. Mudrick Soraga, said that the government will meet stakeholders later this month.

“We are seeking views on the matter before deciding whether it is viable or not. You cannot make such a decision without getting input from stakeholders, including banks and the ministries of Finance and Foreign Affairs,” he said.

In the last 24 hours, bitcoin has been up by 1.20%, with a current price of $65,132.40 as of the time of writing this. Within 24 hours, bitcoin dropped to $63,632.91 low and $66,330.50 high. The trading volume of bitcoin in the last 24 hours is $1.13B. The current market capitalization of bitcoin is $1.23T. Currently, $855.98M bitcoins are in circulation.

Stats and Image from Coin Desk

After El Salvador set a new record of becoming the first country to legalize Bitcoin as a legal tender, many countries have started looking in the same direction. Recently, it was reported that another African country, Zimbabwe, confirmed that they have started talks about adopting Bitcoin as a recognized means of transaction in the country.