Apollo Currency Agrees on MoU with Lesotho for Blockchain Initiative
Cryptocurrency and blockchain platforms have always viewed mass adoption as the holy grail of achievement. While it is true that the new industry is constantly improving its image and increasing global presence, it is still a far cry from mainstream adoption. This is especially true when it comes to actual sovereign countries and their governments legalizing and allowing the industry to grow.
Introducing all-in-one Cryptocurrency Platform Apollo
Blockchain platform Apollo has recently taken an important step towards this journey of mainstreaming the sector. The Apollo team has recently announced that it has signed a Memorandum of Understanding (MoU) with the government of Lesotho to undertake various development projects for incorporating blockchain technology into government departments and ensuring fair governance.
MoU with Lesotho
The MoU was signed between the Apollo team and the Ministry of Science and Technology of Lesotho and has set specific goals that the partnership will see through. They include:
Allowing new private sector investment in the sector to make use of the fintech capabilities offered by the technology.
Researching new government systems and studying how to effectively implement them.
Increase financial transparency and help fight financial crimes.
Achieve optimum commercialization of the nation’s sizeable mineral wealth deposits.
Provide necessary help in combating poverty, unemployment and improving the national education system.
Lesotho is a small landlocked African country situated within the boundaries of South Africa and identifies itself with the Sesotho language. The total population is 2.2 million and the country is a sovereign nation represented at the world forums including the United Nations itself. The small yet independent country provides the perfect opportunity for an upcoming crypto platform to showcase its use cases in governance and fiscal transparency.
What Apollo gets to gain from this MoU
Apollo aims to utilize this opportunity to catapult its platform into the mainstream crypto discussion. The all-in-one crypto platform aims to showcase the platform’s capabilities. Steve McCullah, the director of business development at Apollo said:
“Lesotho is working to become a leader in technology. We are confident Apollo can help accomplish this mission.”
The Apollo currency is already available for trading on BitMart and IDAX cryptocurrency exchanges. The company believes in a bottom-up approach for success. The cryptocurrency platform boasts all the necessary features required in a progressive blockchain project including database sharding, adaptive forging, atomic swaps, two-second blocks. and encrypted messaging. At the same time it promotes a decentralized marketplace, decentralized exchange, decentralized applications, and decentralized file storage.