Cryptocurrency

Cardano (ADA) Foundation Partners With Fintech Association of Hong Kong

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Cardano Foundation has announced that it has joined the Fintech Association of Hong Kong. FTAHK is an independent organization that is based on transparency, accountability, and governance. A number of committees organize and lead FTAHK Association for the community.

These committees focus on key sectors, including blockchain, artificial intelligence, huge data, payments, and RegTech. The committees, led by volunteers from every field, bring together stakeholders from throughout Hong Kong and beyond to facilitate, mentor, and educate them. The Association will create a larger ecosystem through its activities, to enable the larger communities in Hong Kong to benefit.

Cardano is a project that started in 2015 to change the design and development of cryptocurrencies. Over and above a number of innovations, the main focus is on creating a balanced and sustainable ecosystem that better response to user needs and other integrated systems. Cardano didn’t start with a full road map or even an authoritative white paper in the spirit of many open-source projects.

But it is a technology platform that can run financial applications that people, organizations, and governments throughout the globe now use every day. Cardano is more than just a cryptocurrency. The platform is built in a layer that makes it easier to maintain the system and allows soft forks to upgrade. When the settlement layer is finished which will run ADA, the digital legal agreements which underpin future business and business will have a separate computer layer built to handle smart contracts. Cardano will also run decentralized applications or dApps, and blockchain services.

It reflects the entrepreneurial nature of Hong Kong. The Association will further enhance Hong Kong’s position as a FinTech hub by bringing together the various elements in Hong Kong’s FinTech industry – including finance, startups, academia, government, investors, companies, and Accelerators.

This partnership is considered a good move by all the investors and traders, and the Cardano coin (ADA) is expected to show an upward trend in the market.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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