Cardano partners with the regional government in Argentina, $ADA to $1?

Bull sentiments around the $ADA coin surged rapidly, as the Cardano Foundation established a partnership with the regional government in Argentina.

Cardano is a popular Proof-of-Stake (PoS) blockchain network founded by Ethereum co-founder Charles Hoskinson. The “Cardano Foundation” plays a vital role in pushing the adoption of Cardano at all possible practical levels globally. This foundation engages with regulators to shape blockchain legislation, and supports community growth through education and resources, aiming for the ecosystem’s long-term success.

On 5 June 2024, The Cardano Foundation informed the Cardano community that the Cardano project collaborated with a regional government in Argentina.

In the picture shared on the X (formerly Twitter) account of the Cardano Foundation, we can see that the governor of Entre Ríos Province, Rogelio Frigerio, and Rafael Fraga, the lead for Business Development at Cardano Foundation signed a document to effect the partnership deal.

So far no detail has come to the public domain regarding this partnership, to bring light on the leading aims & goals of this partnership but many crypto experts noted that it may be part of a larger effort to improve Argentina’s crypto sector. Argentina is currently expanding its crypto ecosystem and developing its regulatory framework.

In response to this new Cardano partnership in Argentina, the Cardano founder Hoskinson shared his happiness and said that Argentina is heating up.

According to media reports, Hoskinson dragged Argentina’s President Javier Milei with a social media interaction.

Many crypto experts noted that such high-level partnerships are creating big bullish sentiments around Cardano’s native cryptocurrency $ADA but it is sad to see that the $ADA coin price remained unfazed following this big news.