On April 20, a special event was announced for Cardano (ADA) that is about to happen three days from now and specifically on the 29th of April, 16:30 UTC. The Cardano Africa #CardanoAfrica.
Input-Output will be hosting a special event on Cardano in Africa with the title “Blockchain comes of age”.
The event will focus on how Cardano a decentralized blockchain project based on peer-reviewed research and the highly secure Haskell coding language is being used in Africa.
Speculators say that Cardano Africa is going to skyrocket because the news that are about to go viral are huge. On their website, partners of Cardano’s Special event include Yellow Card, PayWay, Africa Labs, Sonergy, Input Output and many more. However, the most impressive one seems to be Yellow Card and PayWay.
Yellow Card is a digital currency exchange on a mission to make bitcoin and other cryptos more accessible and affordable than ever before. It has been in operation since 2016 and is regulated by FinCEN in the USA and is also regulated with the CAC in Nigeria.
PayWay is a simple and secure internet-based solution that helps manage customer payments. It has multiple payment types such as one-off and repeat payments. Payway was established in 2007, based in Vietnam and is an online company that provides a secure payment services platform. It provides users with money transfer, deposit, payment, and other related services.
It enables users to pay the electric bill, water bill, phone bill, cable, tuition, insurance, and other bills through the provided platform. It provides its services for individual clients, organizations, and businesses.
It integrates directly with many global corporations to transfer money overseas to students, labor cooperation’s, professionals and others from over 150 countries and regions.
PayWay cooperated with Vietnam Postal Corporation to provide customers with payment utilities in more than 3,600 post offices in the territory of Vietnam. It launched its website in 2013.
Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.
With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress. The Cardano platform began its development in 2015 however it went public in 2017. Its creator is Charles Hoskinson, who was also a co-founder of Ethereum (ETH).
Cardano has become investors’ favorite in recent months and has returned over 570% until now. It has a market capitalization of $39 billion and is now among the top 10 Cryptos. The platform’s native token is ADA.
Recent research by Kursat Aydinli of the University of Zurich, Switzerland, says, “Cardano is a Proof-of-Stake (PoS) blockchain initiated and developed by the IOHK Foundation, a technology company specialized in peer-to-peer applications and cryptocurrencies. “Bitcoin has a more costly proof of work (PoW) system.
Blockchain analysts expect the Cardano platform to become a leading name in building smart contracts and creating decentralized applications.
As of March, ADA has become available on Coinbase, the cryptocurrency exchange platform that is expected to go public in 2021. Previously, many individuals traded it on the Binance platform. Now, the supply of ADA is open to a much larger audience, meaning more demand.
Rather than reinvesting DeFi on a faster version of Ethereum, Cardano is doing something different, said COTI CEO Shahaf Bar-Geffen.
“There are a lot of new chains out there like Polkadot and Binance Smart Chain and so on, and they all more or less target the same crypto audience to do DeFi better and all of that,” Bar-Geffen said, referring to the $51 billion decentralized finance sector. “Rather than just doing just another faster or better version of Ethereum with the same DeFi projects on top, Cardano is trying to work with governments, specifically in developing countries in Africa and South America.”
“COTI has been a great partner across several projects already, and we plan to leverage their advanced fintech architecture to enable future finance applications on ADA,” Hoskinson said.
ADA is currently traded at $1.2419 and is 11% so far today. Its all-time high is $1.55 which is 25% up from the current price. Its 24hour volume stands very high at a $3.22 billiion.
Disclaimer – I/we have no position in any stock mentioned. I wrote this article myself, and it expresses my personal opinions. I am not receiving any compensation for it, other than FDGT Academy. I do not have or had in the past any business relationship with any company that is mentioned in the above article.
I am a stock analyst/investor with prior experience and knowledge to BSc Accounting and Finance. After completing my degree and exposure to the accounting firms I decided that the direction I should choose is towards the Investment world. I completed my masters in Investment Management where it gave me solid fundamentals to build my career on. I have examined a lot of different aspects of investment, from REITS, derivatives, currencies, bonds, equity and hedge funds. I never stopped learning about the market which is why I can analyze and write articles for FDGT community always personally opinionated. My passion are green energy and electric vehicles stocks as a whole. I also had my share of analyzing the work form home stocks that are coming to take over in the upcoming years.
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