How Zugacoin is gaining more grounds in the Nigerian market as a means of transaction – Prof. Zuga
Ayodele Olalere
Archbishop (Prof.) Sam Zuga, a serial entrepreneur has explained how Nigerians are now using ZUGACOIN for goods and services across the country,
The cleric is the first professor of digital economy and the founder of Africa’s first cryptocurrency.
While speaking on the importance of Zugacoin to Nigeria economy, he revealed that transacting with the digital money comes in three different categories of merchants in Samzuga ecosystem which are premium, registered and verified merchant.
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Analysing how various categories work, he explained that ‘premium merchants are people who would be accepting ZUGACOIN for goods and services without any form of registration both online and offline.’
“They can just print a banner and put in their business place with an inscription of ZUGACOIN Accepted Here. This can be done anywhere in the world without regulations. It all depends on how much ZUGACOIN and the type of ZUGACOIN he or she has decided to accept for his or her goods and services,” he said.
For Registered Merchants, the cleric said it was designed for ” people who paid money to the company’s account, forwarded payment proof to the number that was published and received a temporary code.’
“As soon as they receive information on what to do to get an automated code, they will be waiting for the training on how to get 5% on top of any product he or she sells in ZUGACOIN. Such a person can begin as a premium merchant pending the time such process would be completed. Some people who paid online and did their registration are also in this category.”
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The third category, according to him, are the verified merchants.
“When the informations of both 1&2 are uploaded, their Know Your Customer (KYC) documents and Customer Due Diligence (DDD) documents are completed and verified by the technical team in such a way that, by one click, you will be able to see all verified merchants in the locality or the neighborhood of the person who is searching for ZUGACOIN Merchant, that is when a merchant is considered to be a verified merchant,” he added.
He urged more Nigerians to “accept ZUGACOIN for goods and services.
“Very soon, ZUGACOIN will become hot cake in Nigeria and Africa, you that accumulated ZUGACOIN enough will be on advantage that time.
