Cardano partners with blockchain-based mobile

• World Mobile partners with Cardano to connect the untethered places in the world.
• Cardano’s Charles Hoskinson hailed the partnership in a tweet.

Cardano (ADA) has sealed another cooperation as a pioneering telecommunications company, World Mobile leverages its blockchain for global expansion. This has been confirmed in a tweet by Charles Hoskinson, the founder of Cardano and CEO of IOHK (Input Output Hong Kong), when he expressed his excitement about the collaboration.

I have always been proud of the wonderful collaboration between WMC and IOG, as well as their work using Cardano. Cardano was built for these types of applications that require scale, interoperability and identity. Banking the unbanked requires connecting the unconnected.

According to Hoskinson, Cardano prioritizes such initiatives as it aims to provide connectivity and financial services to the unbanked population.

Micky Watkins, CEO of World Mobile also announced that the company’s exciting move is part of efforts to expand into more jurisdictions. In its statement, the company is working to achieve its mission of “connecting the unconnected and serving the underserved.”

As of now, World Mobile is now on four continents.

We use both licensed and unlicensed spectrum, and our sharing economy is at least equal to or surpasses all other De-Wi in the ecosystem. Our upgraded testnet and consensus are almost operational and our community is unstoppable. As we move into the US, we are proud to have built a self-sustaining sharing economy poised for expansion across Africa and beyond.

We are a completely different kind of beast, ready to drive mass adoption, built on a solid, profitable business model, something this space lacks. Together, we are already disrupting the telecom industry, and by connecting the unconnected, we are creating a new, equally lucrative market.

Cardano is considering other areas for partnership

Recently, Cardano announced a partnership with Swiss-based fintech Acredius to enable it to deploy smart contracts on the Cardano ecosystem. This simply means that Acredius clients will be able to take advantage of Cardano’s token (ADA) to invest in Swiss SMEs.

The partnership requires Cardano users to access the “Secondary Market” module of Acredius to make their holdings more liquid. Another important benefit of this collaboration is that Acredius would join the dApps ecosystem of the Cardano (ADA) blockchain. In this case, retail investors and SMEs will be able to access user-friendly tokenization in their fundraising procedure.

It is also suggested that Cardano may now focus on artificial intelligence projects as Hoskinson recently revealed a concept to use ChatGPT in medicine. The current partnership with World Mobile adds more real-world use cases to the network.

Ghassen Benhadjsalah, co-founder and CEO of Acredius, commented on the partnership.

We are excited to join forces with Cardano, a leader in the blockchain space. This collaboration will benefit both parties and facilitate access to marketplace lending (…) Our client’s needs and expectations are evolving. We strive to be at the forefront of innovation in the lending market.

Last year, World Mobile started a mission to connect rural areas in Africa using balloons. The company reportedly started with Tanzania when it distributed $350 million for connectivity on the continent.

ADA currently has a bullish market sentiment. However, the asset has risen 0.3 percent in the past seven days to trade at $0.366817.

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