Cardano Brazil Partnership: Good News, But ADA Price Tanks
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- Cardano partners with SERPRO to modernize Brazil’s public sector with blockchain.
- SERPRO handles 90% of Brazil’s government systems, processing 33 billion transactions yearly.
- Cardano’s ADA sees 8.20% drop, with a market cap of $31.07 billion amid recent volatility.
On March 6, the Cardano Foundation announced its alliance with Brazil’s Serviço Federal de Processamento de Dados (SERPRO), a government-owned digital services provider.
This partnership is all about bringing blockchain technology to Brazil’s public sector system.
Brazil Gov & Cardano: Blockchain for Public Services
With Cardano’s know-how in blockchain solutions, the partnership should support the modernization of Brazil’s government systems and boost transparency and efficiency in public administration.
Brazil is known around the world for its forward-thinking approach to digital governance. According to the World Bank, the country is ranked second globally in digital government maturity. SERPRO is key to this, providing tech solutions for over 90% of Brazil’s federal government systems.
The company handles over 750 digital solutions, processes around 33 billion transactions…
The post Cardano Brazil Partnership: Good News, But ADA Price Tanks appeared first on Coin Edition.
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