July 14, (THEWILL) – Archbishop Sam Zuga, the General Overseer and founder of House of Joy Ministry, President and founder of SamZuga foundation and the founder of the first digital currency in Africa, Zuga Coin, has scored another first. The cleric has broken new grounds yet again with the launch of SamZuga GPT, a revolutionary initiative he claims is aimed at combating poverty through blockchain technology, artificial intelligence, and the digital economy.
He claims that SamZuga GPT is a groundbreaking solution to Africa’s longstanding poverty crisis having envisioned a future where poverty in Nigeria and Africa becomes a thing of the past. According to him, SamZuga GPT, the world’s first independent cryptocurrency bank powered by artificial intelligence, is designed to address two major issues: To solve the problem of cryptocurrency volatility. The falling and rising of the cryptocurrency market will not affect investors. It will also help one accumulate wealth without work.
There is no third-party involvement in the Samzuga GPT. Samzuga GPT works strictly on the referral system. Hopefully, SamZuga GPT doesn’t end up like Zuga Coin that got him battling to save his reputation. A few months ago, there were reports that Zugacoin and all that it represents is allegedly fraudulent. Some users and merchants of Zugacoin at some point battled with the challenges relating to their inability to withdraw their digital assets. Hence, industry critics believed that the Nigerian digital currency should be avoided by all means. Those who are well versed in the business of cryptocurrencies advised that investors need to think twice before committing financially to Zuga coin, saying that they risk losing their investment if they commit to it.
These critics also claim that Zuga coin is not yet an authority and is not supported by any of the giants in the cryptocurrency exchange platforms like Binance, coin base, and Huobi Global. While a few unpopular exchange platforms support Zuga coin, one of the platforms made it clear that users might not be able to trade Zuga coin for other coins. Another worrisome thing about the coin is its price. Most cryptocurrencies like bitcoin, Ethereum, dogecoin, and others start below $1 and grow over the years to what it is today. Zuga coin started at a very ridiculous price of nearly $50,000. Over time, it dropped in value and at another time, rose again to almost N66,000,000, far ahead of Bitcoin the premier cryptocurrency and the world’s most recognised, at N17,000,000. Despite this huge breakthrough the coin, critics allege, is still not recognized, not even at the national level, a huge discouragement for investors and crypto traders, they insist.
