Apollo Currency Signs MOU With Nation of Lesotho as Part of Blockchain Initiative
Apollo Foundation, the foundation behind the all-in-one cryptocurrency platform, has signed an MoU with the nation of Lesotho to develop and implement blockchain technology in various government departments and initiatives. The partnership was announced on 16th November.
The Ministry of Communications, Science, and Technology of Lesotho signed the memorandum of understanding with the foundation. According to press release by Apollo, the main objectives of the Apollo Foundation blockchain initiative are to:
- Create new wealth in the private sector by harnessing Apollo fintech solutions
- Design and implement new government systems
- Reduce financial crime
- Maximize the commercialization of the nation’s mineral wealth
- Eradicate challenges like unemployment, poverty and educational constraints
Apollo (APL) is an all-in-one currency that combines nearly all features of mainstream cryptocurrencies into one of the fastest blockchains in the world. The company boasts features and advancements such as the first implementation of database sharding, adaptive forging, atomic swaps, two-second blocks, encrypted messaging, a decentralized marketplace, a decentralized exchange, decentralized applications, and decentralized file storage.
Steve McCullah, director of business development for Apollo stated,
“Lesotho is working to become a leader in technology,” “We are confident Apollo can help accomplish this mission.”
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