Here are the major institutional partnerships associated with XLM (Stellar Lumens), XRP (Ripple), ADA (Cardano) and ALGO (Algorand), showing how each of these cryptocurrencies seeks to integrate into the global market:
1. XLM (Stellar Lumens)
Objective: Financial inclusion and global remittances.
Key partnerships:
IBM: Uses the Stellar protocol for its global payments solution (World Wire).
MoneyGram: Integration for money transfers via blockchain.
Circle: Uses Stellar to support USD Coin (USDC).
Flutterwave and Tempo: Stellar-based cross-border payment platforms.
Central Bank of Brazil (in testing): Exploring technology for digital currency.
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2. XRP (Ripple)
Objective: Fast and cheap global payments, especially between banks and financial institutions.
Key partnerships:
Santander, American Express and Bank of America: Use of the RippleNet network for cross-border transfers.
Tranglo: Platform for remittances in Asia.
SBI Holdings (Japan): Supports the use of XRP in digital payments.
Bank of Qatar, Standard Chartered and other global banks: Implementing Ripple technology for international transactions.
Central Bank of Montenegro (pilot): Digital currency development with Ripple.
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3. ADA (Cardano)
Objective: Creation of a decentralized and scalable platform for smart contracts and governance.
Key partnerships:
Governments of Ethiopia and Tanzania: Blockchain-based solutions for education, digital identity and financial inclusion.
Dish Network: Blockchain Integration for Telecom Solutions.
New Balance: Product authenticity tracking.
Chainlink: Partnership to expand smart contract functionality.
Universities (such as the University of Wyoming): Collaborations in blockchain research and development.
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4. ALGO (Algorand)
Purpose: Support smart contracts, decentralized finance (DeFi), and government solutions.
Key partnerships:
Marshall Islands: Development of its sovereign digital currency (SOV).
Bank of Italy and Banca Mediolanum: Exploring financial solutions.
El Salvador: Used in blockchain initiatives in the country.
Borderless Capital: Investment fund to foster the Algorand ecosystem.
Circle and Tether: Algorand is one of the blockchains that support these stablecoins (USDC and USDT).
Airbnb and IBM Blockchain Services (indirectly): Collaborations related to blockchain infrastructure projects.
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Summary by Currency and Focus:
XLM: Global remittances and financial inclusion, with emphasis on IBM and MoneyGram.
XRP: Global bank payments, supported by major financial institutions such as Santander and Bank of America.
ADA: Decentralized and sustainable solutions, focusing on education and digital identity in Africa.
ALGO: Smart contracts and CBDCs, with collaborations on sovereign digital currencies and government solutions.
Each of these cryptocurrencies seeks to solve specific problems and leverage strategic partnerships to expand their global relevance.
