- Cardano partners with Fintech Association of Hong Kong
- This partnership is focused on encouraging adoption across Asia
On May 27, the Cardano Foundation announced that they had welcomed the Fintech Association of Hong Kong (FTAHK) as a member. FTAHK is a non-profit and independent organization that represents both the local and international FinTech community in Hong Kong.
FTAHK is led and coordinated “by the community and for the community” to combat the issues that hold back FinTech in Asia, Great China, and Hong Kong. It is made up of board members who volunteer to tackle challenges in sectors such as blockchain, data, RegTech, artificial intelligence, and online payments.
An important alliance for adoption
On May 22, Emurgo, the commercial arm of Cardano conffirmed the adoption of Cardano (ADA) cryptocurrency by a Barbeque restaurant based in Osaka. Emurgo noted that Yakiniku Tamuru would initiate the deployment of ADA payment system in its restaurant.
On the other hand, Charles Hoskinson, the founder of Cardano, has been introducing various partnerships with entities and governments in developing countries such as Mongolia and Africa. His primary objective is to set up Cardano as an enterprise blockchain framework that solves real-world problems and offer better financial services to people all over the world.
On April 24, Charles Hoskinson confirmed that the project has partnered with Ethiopian Government. This move is projected to boost the mass adoption of cryptocurrencies in Africa. He also revealed that “Atala” would be the name of the new blockchain framework whose structure is intended to mirror Hyperledger Fabric, the IBM Blockchains. This collaboration is a suitable option for all firms that are targeting to introduce new products in developing countries.
Cardano stepping up the partnership game
Historically one of the quieter crypto projects, Cardano continues to defy the odds by introducing more features favorable for the crypto community. Weiss Ratings, an independent financial rating agency, acclaimed it as among the most productive blockchain platforms.
— Weiss Ratings (@WeissRatings) May 20, 2019
Cardano price has been stable for some time since it obtained its all-time high of 1.33 USD in Jan 2018. Currently (the time of writing), the price of ADA is USD 0.087 and ranks at #10 on CoinMarketCap with a 24-hour trading volume of USD 127 million.