Cardano (ADA) has established itself as the academic blockchain, particularly focusing on Africa’s vast market of 1.2 billion people. With ambitions to reshape crypto adoption on a large scale, the question arises: what are Cardano’s next steps in Africa?
Why is Cardano Involved With Africa?
Cardano aims to tap into a massive, untapped market that can fuel its growth. More than 700,000 active users on its subreddit reflect a growing community, outpacing competitors like Polkadot and Solana.
ADA Crypto Providing Secure Digital Education Records in Ethiopia
Cardano is collaborating with countries like Ethiopia to enhance their digital infrastructure. An example includes the Input-Output Hong Kong Foundation, which is developing tamper-proof education records for five million students in Ethiopia. This initiative, although delayed due to conflict, continues to progress.
Catalyst: National ID for Ethiopia
Ethiopia’s Fayda ID program aims to serve 80 million citizens. The proposal includes a Cardano-powered identity wallet that could revolutionize citizens’ daily lives and bolster economic growth.
“It’s our intention to compete for the whole national ID system, which affects about 110 million people,” stated Charles Hoskinson.
Bitcoin X Cardano Development in South Africa
Edan Yago’s BitcoinOS is evolving in South Africa, integrating Bitcoin liquidity into Cardano’s ecosystem through innovative protocols.
Importance of Cardano’s African Involvement
Focusing on substantial projects cultivates goodwill across the continent, especially considering the historical context of external endeavors in Africa. By establishing itself through high-value projects, Cardano positions ADA as the prominent cryptocurrency in the region, potentially becoming a financial backbone for the upcoming generation.
Key Takeaways:
- Cardano’s concentration on Africa could establish it as a leading cryptocurrency.
- ADA is shaping its reputation through practical and impactful projects.
