- World Mobile collaborates with Cardano to connect to the unconnected places in the world.
- Cardano’s Charles Hoskinson lauds the partnership in a tweet.
Cardano (ADA) has sealed another partnership as 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), as he expressed his excitement about the collaboration.
I’ve always been proud of the wonderful collaboration between WMC and IOG as well as their work utilizing 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 its efforts to expand to more jurisdictions. In his 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’re using both licensed and unlicensed spectrums and our sharing economy is at least equal or surpasses any other De-Wi in the ecosystem. Our upgraded testnet and consensus are almost operational and our community is unstoppable. Making our move into the US, we’re proud to have built a self-sustaining sharing economy primed for expansion across Africa and beyond.
We’re an entirely different kind of beast, poised to drive mass adoption, built on a solid, profitable business model, something this space is missing. Together, we are already disrupting the telecoms industry and by linking the unconnected, we are creating a new equally lucrative market.
Cardano 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 Acredius customers would be able to take advantage of Cardano’s token (ADA) to invest in small and medium Swiss enterprises.
The partnership demands that Cardano users get access to the “Secondary Market” module of Acredius to make their holdings more liquid. Another important merit of this collaboration is that Acredius would join the dApps ecosystem of the Cardano (ADA) blockchain. In this case, retail investors and SMEs would be able to access easy-to-use tokenization in their fundraising procedure.
It is also hinted that Cardano may now focus on Artificial Intelligence projects as Hoskinson recently disclosed a concept of using ChatGPT in medicine. Its current partnership with World Mobile adds more real-world use cases to the network.
Ghassen Benhadjsalah, co-founder and CEO at 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 ease access to marketplace lending (…) Our client’s needs and expectations are evolving. We strive to be at the forefront of innovation in the marketplace lending industry.
Last year, World Mobile started a mission of connecting to the rural areas in Africa using balloons. The company reportedly started with Tanzania as it deployed $350 million for connectivity in the continent.
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