Innoson Group has partnered with a Nigerian crypto brand, Zugacoin indicating that the crypto can be used to purchase Innoson vehicles and other products
Zugacoin Cryptocurrency, founded by a Nigerian, can now be comfortably used to purchase any type of vehicle, motorcycles, plastics and all the other products under the INNOSON Group anywhere in the world.
This follows the sealing of a business partnership deal between Archbishop SamZuga of Zugacoin and Chief Dr Innocent Chukwuma of Innoson vehicle manufacturing company on Saturday, March 13, 2021.
According to a report from Vanguard, the partnership was signed and sealed at the Innoson’s factory at Nnewi Anambra State with reports that other merchants are warming up to become part of Zugacoin’s growing chains of businesses
Zugacoin Cryptocurrency, founded in 2020 by Nigerian Archbishop Sam Zuga and unveiled on December 1, 2020, a few days ago successfully made its first conversion into Fiat currency.
The archbishop said the cryptocurrency is intended to be used to alleviate poverty and unemployment in Africa.
On Wednesday, March 3, 2021, Zugacoin recorded groundbreaking history as it was first cashed out on that day.
Archbishop SamZuga, a philanthropic cleric said, “Let it be on record all over the world that ZUGACOIN was first Cashed out/ withdrawn/ changed into Fiat currency on 3rd March 2021 by 13 minutes after 11 Antemeridiam (a.m) Nigerian time against all odds. When God says YES nobody can say no. With God all things are possible. All things are possible to him that believes.’’
With this, Zugacoin can be withdrawn as any Fiat currency of choice successfully without hitches.
In case you missed it: The Central Bank of Nigeria had placed some level of restrictions on the use of cryptocurrency in Nigeria, with a directive to all deposit money banks to close all crypto-related accounts.