Algorand (ALGOUSD)

[waldo77]

Algorand Could Be Next Solana if El Salvador Succeeds
https://www.nasdaq.com/articles/algorand-could-be-the-next-solana-if-el-salvador-succeeds

Note: considering some of the points made in the Nov 2021 article linked above (some excerpts posted below under 'Algorand Developments' fyi)...the latest Twitter posts by the president of El Salvador...Nayib Bukele...are very interesting...and relevant...imho...cheers...:

Central bankers and financial regulators from 44 countries enjoying their second day of talks about financial inclusion, banking the unbanked, and #Bitcoin adoption in @Bitcoinbeach and in El Salvador 🇸🇻 pic.twitter.com/OVgpwaUNyO

— Nayib Bukele (@nayibbukele) May 18, 2022

Planting seeds in 44 countries.

3 days to go…#Bitcoin is good for the world 🌍 pic.twitter.com/eOwhJZQ4RX

— Nayib Bukele (@nayibbukele) May 16, 2022

Algorand Developments
"...However, the biggest recent news for Algorand is the adoption of cryptocurrency as legal tender in El Salvador. El Salvador recently recognized Bitcoin (CCC:BTC-USD) as a valid form of payment. Moreover, Algorand was selected as the official blockchain platform for the project...."

"...El Salvador will develop its own blockchain infrastructure using Algorand to help build out the infrastructure. This is significant as a “real-world adoption.”..."

"...Analysts see this as an example of a large-scale adoption that other governments and institutions may keep an eye on. They will watch to see how this develops in El Salvador in order to gauge whether it could be adopted on a larger scale in another country..."

"...investors now have the benefit of seeing Algorand put to the test on a large scale in a small nation. For all intents and purposes, it will act as a test tube..."

"...If successful, this could be seen as a precursor for large-scale adoption of Algorand by a number of companies or even countries. If Algorand’s infrastructure blockchain is a success for El Salvador, follow-on major adoption will occur in the U.S. Investors in ALGO crypto can expect to see a huge increase if that happens. It could indeed become the next Solana..."