Connect with us


Cardano’s [ADA] Charles Hoskinson reveals diversification plans in Asia and Africa




Cardano's [ADA] Charles Hoskinson reveals diversification plans in Asian and African continent
Source: Pixabay

Charles Hoskinson, CEO of IOHK and Cardano’s [ADA] Founder, recently put Africa on its map to spur adoption in the crypto-ecosystem. The team launched significant upgrades and projects this year. In a recent AMA session, Hoskinson spoke about Cardano’s adoption curve.

Hoskinson said that Emurgo was responsible for the commercialization of the technology, and added that the team was undertaking various plans for the Asian market, especially in Japan and Indonesia. Citing the Japanese working class turning old and real estate prices going down, which is a big challenge of the Japanese government, he said,

“It would be really cool if we can reinvigorate these areas of real Japan and by using innovative technologies, not just blockchain but AI and IOT and other things to innovate industry verticals that are meaningful in those areas”

According to Hoskinson, the Cardano team is currently focusing on “building on-ramp” for people who have completed outside the cryptocurrency space. He revealed that the team had been chasing this adoption curve as it was scalable. The CEO also said,

” .. we have been aggressively pursuing Mongolia as a great case study for all kinds of things from building local currencies to air quality pilots”

In terms of bringing new people into the space, Hoskinson said that the team was currently in talks with the Ethiopian government to develop a token for Addis Ababa. Successful execution of the token would mean a foray of millions of new people into the cryptocurrency world, asserted the CEO. It was previously reported that the team was planning to launch an enterprise blockchain framework.

Subscribe to AMBCrypto’s Newsletter