Cardano crypto coin in purple

Cardano Foundation Partners With Fintech Association of Hong Kong

ยท 27 May 2019 in Breaking, Crypto News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

According to a recently released report, the Cardano Foundation has joined the Fintech Association of Hong Kong (FTAHK) as a new member. The FTAHK is an independent and non-profit organization that represents Hong Kong’s local and global fintech community.

Cardano Foundation Joins FTAHK

The Cardano Foundation continues to expand around the world, this time with a partnership with the Fintech Association of Hong Kong. The FTAHK focuses on blockchain technology, artificial intelligence, RegTech, data and also online payments.

The FTAHK is also organized and run by the community and it provides it with a unique position to speak for the fintech community. The organization is also focused on different regions including Hong Kong, Greater China and Asia as well.

The organization explains on its website:

“FTAHK is organized and run by the community, for the community. It provides them with a unique position to speak on behalf of the fintech community. It is run by a voluntary group of members who care about the future of fintech in Hong Kong, Greater China and Asia. The objective of the association is to support the development of Hong Kong as a leading Fintech center”

Cardano (ADA) is a blockchain network that works with its own cryptocurrency called ADA and that aims at creating a new balanced and sustainable blockchain. Cardano also wants to be upgradeable and it wants to be integrated into other systems as well. In order to be able to keep updated, Cardano was built on top of various layers that allow the network to be easily maintained and upgraded with different soft forks.

This partnership is very important for Cardano that is currently ranked as the 10th largest cryptocurrency in the market. And indeed, the partnership was very positive for the ecosystem because Cardano was the third largest winner among the top ten after EOS and Litecoin (LTC).

According to CoinMarketCap, Cardano grew almost 12% and it reached a price per coin of $0.0894 and it has a market capitalization of $2.32 billion. Investors and traders see the new partnership as beneficial for traders and for the network as a whole and it can clearly affect in a positive way the price of Cardano in the future.

We have also written a short time ago that Cardano launched its new enterprise blockchain side by side with the Ethiopian government.

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