Altcoin News: Ethiopia to Launch Cardano Based Tokens - News Summed Up

Altcoin News: Ethiopia to Launch Cardano Based Tokens


Cardano and the Ethiopian government have signed a memorandum of understandingThe new token will either be based on Cardano or run on Cardano itselfCardano (ADA)’s lead developer has announced plans to create a government-backed utility token for the Ethiopian government. The plan, to be accomplished in collaboration with the government, should streamline payments systems in Addis Ababa. He added that should the coin become successful, it could become the long-awaited test case for the mass adoption of cryptocurrencies. The agency reached out to Hoskinson, and they held discussions on the potential of the blockchain to solve the major challenges the agency was experiencing. The platform’s primary goal is to leverage blockchain technology in order to create viable solutions based on IOHK’s technology to solve real-world problems.


Source: Ethiopian News April 24, 2019 00:56 UTC



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