The CEO of the Cardano Foundation, Frederik Gregaard, says onboarding mainstream financial institutions and large corporations is part of a five-year growth strategy for the fifth-largest blockchain project by market cap.
Gregaard says the Swiss-based foundation, which is responsible for overseeing and supervising the growth of Cardano, is looking to partner with mainstream financial institutions to enable universal access to the blockchain’s native token, ADA.
“When we look into 2022 it is not only important, it is vital for our ecosystem which is built around the native currency of ADA as a utility token. [This] allows you to operate on our blockchain wherever you are, if you are building a business model or if you are capturing business value from optimizing business procedures. Or if you are building a security token or an NFT, or you are a fisherman in West Africa and you are building an identity – whatever happens, how you integrate with us always comes over to ADA…
Therefore onboarding 50 banks becomes very important for us. It should be in a way that if you have a lot of ADA, you can always get into the local fiat currency...
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