BCGAME - Free 5BTC Daily Bonus!Nearly two months ago, Input-Output Global (IOG) and World Mobile revealed their partnership on the Cardano Africa Special. Its purpose is to “connect the unconnected” and provide them with an internet connection. Cooperation will focus on Zanzibar and greater Tanzania.
Now, World Mobile will take Cardano one step further by launching the public token sale for the World Mobile Token. They aim to bring in around $40 million in the month. The company has already received $5 million in a private round.
Building on IOG's Atala PRISM, the partnership with IOG aims to build a platform on top of the blockchain from Cardano. Ultimately, its goal is to connect half of Africa's population to vital services such as education, banking, finance, healthcare and more.
Although the partners have recently unveiled their partnership, World Mobile and IOG have been working together for several years. The company seeks to create a “WMT sharing economy” and enable everyone in Africa to have access to the global financial system.
https://twitter.com/WorldMobileTeam/status/1405240291590868996
Why World Mobile chose to build on top of Cardano
The launch of the World Mobile Token will be a lever to “move our vision forward,” as Sean Inggs, Director of World Mobile Token said. He added:
WMT will nurture our ecosystem to enable thousands of people to gain access to basic needs, including identification, access to education, banking and other critical services.
Micky Watkins, CEO of World Mobile, said the following about why the company decided to build at Cardano:
We chose Cardano for its Ouroboros consensus engine, Plutus Platform Smart Contracts, and Atala Prism Digital IDs (DID), which are essential for unlocking access to banking and other financial or insurance services such as microcredit.
Furthermore, the executive stated that this platform allows to provide people with a solution with the potential to scale on a global level, while maintaining blockchain security. Cardano, said Watkins, aligns with its values and principles of social, economic and environmental sustainability. He added:
Our mission is to create a sustainable and affordable global mobile network that promotes data protection, economic freedom and digital inclusion. As we are starting out in Africa, where connectivity is the highest demand, Cardano's African focus aligns with ours.
At the time of writing, ADA is trading at $1,46 with sideways movements on the 1-hour chart. The crypto market reacted negatively to Jay Powell's statements at the FOMC meeting yesterday. With investors expecting less inflation, the US dollar has strengthened and commodities, BTC, ADA and the crypto market have lost steam.
