Cardano Foundation Announces Major Argentine Partnership To Boost Blockchain Adoption
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The Cardano Foundation has announced a public partnership with a regional government in Argentina, in a move that could benefit the country’s recent pivot towards crypto.
Many are hopeful the partnership could act as a catalyst for ADA, Cardano’s native token, which has failed to generate any momentum in an increasingly competitive market.
Cardano’s New Partnership
According to an announcement by the Cardano Foundation, Rogelio Frigerio, the governor of the Entre Ríos Province, and Rafael Fraga, LATAM Lead for Business Development at the Cardano Foundation signed the agreement to make the partnership official.
The partnership will focus primarily on facilitating blockchain adoption in the Entre Ríos Province.
While details about the collaboration remain sketchy, it will likely be part of Argentina’s effort to improve and bolster its crypto sector. The country is working to grow its cryptocurrency ecosystem and create a clear regulatory framework for the industry.
Cardano’s Argentina Plans
Charles Hoskinson, the founder of Cardano, caught the attention of the president of Argentina, Javier Milei, through a social media interaction. The engagement between the two highlighted Cardano’s interest in expanding its operations in Argentina, which comes at a time when Argentina is actively embracing blockchain technology and crypto.
The interaction began with an update from Dario Epstein, Director at Research For Traders, who stated that a technology company specializing in third-generation blockchain and a focus on decentralized governance had gotten in touch with him. He also added that the company was keen on establishing itself in Argentina.
