In a groundbreaking revelation, Archbishop Prof. Sam Zuga, globally recognised as the first Professor of digital economy, has announced the emergence of a financial powerhouse within the Samzuga ecosystem, projecting a potential value of $500 trillion. This ambitious initiative aims to revolutionise the economic landscape of Africa.
The philanthropic cleric highlighted the impressive array of digital assets within the ecosystem, stating, “The Samzuga ecosystem boasts 15 cryptocurrencies tradable on the global market. Among these, 12 are actively traded daily, while two are reserved exclusively for African development. The remaining cryptocurrency is set to be used for innovative telegram mining technology, which will be released soon.”
Each of these 15 cryptocurrencies is integrated into distinct platforms, serving as practical applications for the digital assets. These platforms, both physical and virtual, are scheduled for an official launch on August 8, 2024, with a test run extending through December 2025.
The Samzuga Ecosystem promises a suite of innovative platforms for the projections of 500 trillion dollars in value, which includes:
Samzuga Ride: A ride-hailing service encompassing both carpooling and public transportation options.
Samzuga Market: An online marketplace for everything from groceries to cars.
Samzuga Bookings: A platform for booking flights, hotels, and managing various services.
Samzuga GPT: The world’s first AI-powered crypto bank offering secure transactions and daily interest.
Samzuga Skills: A platform connecting users with skilled professionals.
Samzuga Valise: A secure digital wallet for managing Zugacoin and other cryptocurrencies.
SamZuga football college: a blockchain based secondary school that offers a comprehensive curriculum, combining academic excellence with specialized training in football, digital skills, sustainability, artificial intelligence and digital economy.
Zugacoin, the ecosystem’s native currency, will be the sole method of transacting within the platform. Zuga touts a “Scan to Pay” system with benefits for all parties: sellers enjoy a 10% profit boost, buyers receive a 5% cashback, and the government benefits from automated tax collection
Archbishop Zuga addressed skepticism about the multitude of projects under the Samzuga umbrella, clarifying, “Many assume we are initiating numerous projects without completion. In reality, we have two core projects: Cryptocurrency Development & Use Cases, with a focused mission to elevate Nigeria and Africa in the global digital economy. These projects are dedicated to poverty reduction and unemployment alleviation.”
Since December 2020, the efforts surrounding Zugacoin have been meticulously aimed at addressing economic challenges. The integration of previous entrepreneurial activities into the Samzuga ecosystem as use cases for Zugacoin further strengthens its foundation.
Archbishop Zuga emphasised the transformative potential of the ecosystem, urging government and public support: “If these projects are properly harnessed by the government and the people of Africa, they have the capacity to generate a financial base of over $500 trillion. This would be sufficient to combat poverty and unemployment in Africa effectively.”
As the world watches, the Samzuga ecosystem promises to be a beacon of hope and economic revitalization for Africa, with the potential to reshape the continent’s future through innovative digital solutions.
