Cryptocurrency NewsGlobal Crypto NewsLatest News

Cardano Foundation Addresses Blockchain-Based Identity And Financial Inclusion

The Cardano Foundation is addressing blockchain-based identity and financial inclusion. Check out the tweet that the team behind the project shared.

Someone said: “Brilliant! This is the kind of project that makes me a Cardano supporter regardless of what’s happening on the market.”

Another follower posted this: “I’m a big fan of ADA but I think there are privacy concerns. What if a dictator switches its currency to ADA and limits people’s movement, buy goods and services or gain access to health services?”

Someone else posted this: “Anonymity and grey areas have been where dictators have done their worst. A digital identity helps to stop people falling through the cracks. Proof of LIFE can begin a transfer of power the world has been needing for a long time.”

In other news, the host of YouTube channel Altcoin Daily names some cryptos that he believes will surge a lot during the next month.

Cardano price prediction

Aaron Arnold begins his list with Cardano (ADA) – he said that the coin will have its price driven higher by the upcoming Alonzo hardfork that will deliver long-awaited smart contract capabilities.

Arnold highlights a report from CoinShares showing that in the past week, Cardano has outpaced Bitcoin and Ethereum in institutional inflows.

“Institutional investment managers bought $10 million worth of ADA products for the week ending on Monday,” he said.

He continued and said: “By comparison, Bitcoin funds saw an outflow of $110.9 million during the same week. Ether outflows totaled $12.6 million.”

At the moment of writing this article, ADA is trading in the red and the coin is priced at $1.51.

Related posts
Altcoin NewsCryptocurrency NewsGlobal Crypto NewsLatest News

Mark Cuban Compares DOGE and ADA

Cryptocurrency NewsGlobal Crypto NewsLatest News

Cardano Sharks And Whales Accumulate ADA

Cryptocurrency NewsGlobal Crypto NewsLatest News

Cardano’s Vasil Hard Fork Is Delayed

Cryptocurrency News

Important Strategist Predicted Rallies For Solana, Cardano and Polygon

Send this to a friend