BEVERLY HILLS, January 06, (THEWILL) – Africa’s first cryptocurrency, Zugacoin has risen high in demand as the United States Government directs its banks to start accepting cryptocurrency.
Zugacoin, owned by Archbishop Sam Zuga; a Tiv Indigene of Benue State, Nigeria is expected to hit 100,000 dollars before the end of 2021. The currency (first of it’s kind in Africa), is specially created to help Nigerians and other Africans at large to tackle poverty in terms of buying and trading.
The U.S. Office of the Comptroller of the Currency (OCC) had issued a letter approving U.S. banks to use public blockchain networks. A public blockchain is decentralized and does not have a single entity, which controls the network. Bitcoin and Ethereum are well-known examples of a public blockchain
The letter was addressed to national banks and federal savings associations participating as nodes on a blockchain and storing or validating payments made in native digital assets or stablecoins.
The OCC’s letter stands in contrast to a bill introduced in the last congressional session that would have required stablecoin issuers to obtain bank charters. That aggressively anti-stablecoin proposal resulted in hundreds of thousands of dollars in donations sent to leading cryptocurrency advocacy group, Coin Center.
Just like Zugacoin, other cryptocurrencies rose and became high in demand.
Bitcoin gained nearly 13 per cent already in 2021 at last check, trading hands above $34,000. Ether is trading just below $1,100, roughly 25 per cent below its record high of $1,448, while Zugacoin traded above 48,000 Dollars, making it the highest best seller in the world.,
According to Zuga; “We are going to teach state governments in Nigeria and the Federal Government how to increase their IGR by 300 per cent through Zugacoin in 2021. We will start giving loans to all African countries in 2022. Nigerians would get financial stability through Zugacoin. We have many projects that will improve the lives of Nigerians. If God is for us, who can be against us?”
“So, you are strongly advised to invest in Zugacoin for a brighter financial future by buying on indoex, Coingecko, coinmarketcap and other exchange platforms”, he added.
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[…] American banks play an important role in protecting the currency of Americans at any cost. Digital currency works more beneficial for the American people. Now, these banks announced that they are going to start blockchain technology. Cryptocurrency payment is on top trend these days. The value of the dollar has become higher by this currency. People have invested $billions to earn more profit from this currency. Blockchain innovation is as of now utilized in a few zones inside monetary administrations, including global installments. Presently, some American banks are making their own blockchain-based frameworks, including advanced monetary forms, to empower B2B digital currency installments between their clients. Defenders state the potential advantages incorporate diminished exchange charges and quicker cash moves. Japanese banks are additionally making installment frameworks dependent on computerized monetary forms. The computerized monetary standards utilized in these U.S bank worked digital money installment frameworks contrast in a few different ways from most other cryptographic forms of money, including Bitcoin. One contrast is that the vast majority of them are restrictive “stable coins” that are fixed to public monetary forms. The objective is to make them less unpredictable than other cryptographic forms of money. […]