One of the most important projects in the crypto money industry. Cardano (ADA), Although it has fallen out of favor recently, it has started to recover again and an important meeting may have an effect behind it.
Cardano and Zanzibar Meet
Input Output Hong Kong (IOHK), the development studio behind Cardano, may have had a secret meeting with the Zanzibar government. It is not known what the Cardano team talked about, which is stated to have met with senior officials of the Zanzibar government, but it can be said that it is about mainstream acceptance and ADA use.
World Mobile Team, a leading institution aiming to unite the blockchain and telecommunication fields, shared a short video about it, and this is how the meeting came about.
Zanzibar, October 2021. World Mobile hosted secret meetings with @InputOutputHK.
Over four days, the teams visited rollout sites and met with government officials, making plans for a #StrongerConnected future for Zanzibarians.
Watch the full movie: https://t.co/s8nRCuitg7 pic.twitter.com/iQylBd7Vbt
— World Mobile (@WorldMobileTeam) November 8, 2021
Charles Hoskinson, the founder of IOHK, emphasized that they have already taken action to take revolutionary steps in the crypto money industry and that the news will come soon. However, no major announcements were made.
The ADA price had set a record, especially with the expectation of the Alonzo hard fork, and had seen over 3 dollars. ADA suffered a steep decline after this and could not adapt to the movements of the market.
ADA currently has a unit price of $2.31 and has gained 17% in the last 7 days. This may be the reason behind the rise of ADA, which achieved 10% rise in 24 hours. The direct use of Cardano by a government can definitely bring a big change.