Cardano (ADA) Shoots 9% As Charles Hoskinson Unveils World Mobile Partnership
Highlights
- Cardano has hinted at its ongoing partnership with World Mobile
- The update has triggered a bullish run in Cardano's price and trading volume
- Cardano remains one of the top protocols pushing for global backing with governments
A recent partnership has caused the trading volume of Cardano (ADA) to surge by more than 9% over the past 24 hours. This update as unveiled by founder Charles Hoskinson has spurred an increase in users activity and engagement.
Cardano and World Mobile Partnership, the Visible Concerns
Cardano has inked a strategic partnership with World Mobile that will see the latter integrate the partnerchains framework. This will enable it to connect the billions of unconnected entities throughout the world, including Gillette, Wyoming.
According to Charles Hoskinson, the initiative has always been multichain and legacy infrastructure paired with next-generation infrastructure. This makes World Mobile the most advanced and efficient ISP in the world. This marks the reason why it need partners like Cardano to ensure it adds security to these features.
World Mobile is the world leader in decentralized infrastructure, and we are very excited to see their technology integrate Cardano’s partnerchains framework to connect the billions of unconnected throughout the world, including Gillette, Wyoming.
This initiative has always been… https://t.co/vAod6PptHX
— Charles Hoskinson (@IOHK_Charles) June 28, 2024
Markedly, the World Mobile partnership with Cardano had earlier caused some concerns particularly about partnerchains. The ADA founder asserted that they are integral to Cardano’s framework and offer flexibility for projects like World Mobile. He noted that this tech stack can help partners develop unique protocols while benefiting from Cardano’s secure infrastructure. Furthermore, Hoskinson underscored the significance of cross-chain transactions in enhancing network value by emphasizing interoperability as a cornerstone of third-generation blockchains.
The trading volume of ADA is currently up by 9.36% and sits at $294,455,416. ADA price is up by 2.36% and currently trading at $0.3868. The series of recent activities in the Cardano ecosystem likely contributed to the upshoot that the protocol is experiencing.
Cardana Ecosystem Sees Multiple Partnership Deals
Cardano has integrated Inter-Blockchain Communication Protocol (IBC) Sidechain capabilities into its network. The integration is designed to facilitate reliable transactions and data exchanges across different blockchain networks.
Meanwhile, the expansion of its partnership with World Mobile is only one of such that Cardano has seen this season. At the beginning of June, the Cardano ecosystem bagged a major partnership in Argentina. Much details were not given given on the deal but it involves the Argentine government. The governor of Entre Ríos Province Rogelio Frigerio, and Rafael Fraga, the lead for Business Development at Cardano Foundation signed a document to effect the partnership deal.
According to Hoskinson, Cardano also has a yet-to-materialize working relationship with Tesla CEO Elon Musk. He looks forward to a collaboration with the billionaire on the integration of Midnight Protocol for the much-needed privacy on the social media platform. However, he stated that Musk is yet to provide a response.
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