09 / 01 / 2016
Acquisition, Accelerates Company’s Growth Strategy in Asia, Africa
Southern Morondava Basin, Madagascar – OneCoin, a leading global cryptocurrency brand, today announced a new acquisition, that will accelerate its growth strategy in Africa and Asia.
Through its investment trust – called the CryptoReal Investment Trust – the fast-growing company, OneCoin, is looking at this new expansion into the traditional energy market as a way to merge the innovative with the established.
“OneCoin has always been about innovation and the future of payments, and by expanding into what is clearly a more traditional space, we’re showing that we are not just a fad, phase or a new kid on the block, but a global company that will spread its roots far and wide,” said OneCoin Founder and Visionary Dr. Ruja Ignatova.
“By using OneCoins for part of the payment, this deal also reinforces the buying appeal of our cryptocurrency. At a time when traditional fiat currencies are seeing dips or stalls, it’s reassuring to put OneCoins to use – and it’s particularly exciting to spend them in a completely different sector,” Dr. Ignatova added.
As part of a deal to enhance OneCoin’s presence in Asia and Africa, CryptoReal entered into the agreement in August 2016 with Hoifu Energy to buy Madagascar Petroleum Block 3112, which is a 9,320 km2 field located in the Southern Morondava Basin.
OneCoin Ltd is a global company with key markets in Europe, Southeast Asia, Africa and Latin America. With worldwide operations, the company has opened offices in Europe (Bulgaria) and Asia (Hong Kong and the United Arab Emirates). The company’s commitment to growth, innovative concepts and its unique business strategy has led to fast expansion.
OneCoin is a digital currency, using cryptography and created through a process called mining. Just like the serial number on a paper bill, each digital coin is unique.
When joining OneCoin, users become part of a global network of millions of OneCoin miners called the OneLife Network.
About the Natural Gas & Oil Field
The Madagascar Area 3112 contains 22.94 billion cubic meters of natural gas reserves under the 1P category, and 37.48 billion cubic meters of natural gas reserves under the 2P category, according to the oil and gas reserve assessment report and valuation report on March 18, 2014 prepared by the professional valuation institutions Greater China Appraisal Limited and Greater China Mineral & Energy Consultants Limited. The Morondava Basin includes the Karoo rift zone and the Jurassic rift zone.
OneCoin.eu houses the latest news and information about the cryptocurrency itself, legal documents, and details on compliance, the OneCoin blockchain and cryptocurrency in general.
OneLife.eu is the online hub for the network of over two million OneCoin users.
CryptoReal.com is the investment trust’s website.