- Cardano and South African Blockchain Alliance (SANBA) Team Up to Promote the Adoption of Blockchain Technology
- Cardano ADA Price Gathers Momentum Against The USD
Cardano News Today – The Cardano Foundation is still in the business of making financial services accessible to the unbanked and promoting the use of blockchain technology across industries. Entering into beneficial relationships with different agencies is one way the foundation is making this dream a reality. Two days ago, they announced that they have patterned with the South African National Blockchain Alliance typically called the SANBA. The primary aim of this partnership is the promotion of the adoption of the Cardano blockchain across South Africa.
Cardano News Today – SANBA and the Cardano Foundation Share a Common Goal
One of the major aspects this partnership would be addressing is socio-economic growth in the country. They have already started exploring how blockchain technology can be used to boost socio-economic growth in South Africa while increasing the use of technology at the same time. They will empower individuals by encouraging them to take control of their wealth, information, and value using blockchain technology. Part of the announcement was as follows;
“Cardano believes in empowering individuals and enterprises by putting them in direct control of their information, wealth and value. Blockchain technology lets developing nations break ties with legacy banking systems, costly middlemen and entrenched political structures.”
As you probably already know, blockchain technology can be used to improve transparency. This, in turn, will reduce fraud, and help enterprises to create a digital identity infrastructure. At the same time, they will encourage developing economies to use cryptocurrencies. The Cardano Foundation said that it isn’t just concerned with promoting the Cardano blockchain. It also intends to aid other similar fintech companies in their efforts to promote their digital currencies across the globe.
Cardano ADA Price Analysis And Prediction 2020
Meanwhile, the price of Cardano has been experiencing bullish pressure over the last few days. A few days ago, the price of the ADA token was struggling to cross the resistance at $0.03240. After it did, the bullish momentum increased significantly and now, the price of the token is $0.036374. It is up by 0.43% against the USD and up by 0.20% against the price of BTC. The trading volume over 24 hours is $89,017,137 and the market capitalization is $943,071,418.
The Cardano development team is still working hard to meet its roadmap goals this year. The spread of the COVID-19 hasn’t stopped them or even slowed them down. Hydra and Byron have already been released and the foundation for Cardano Shelley is already solid.