Cardano (ADA) to reach 10 Fortune 500s by 2026
Cardano (ADA) to reach 10 Fortune 500s by 2026
Altcoin

Cardano (ADA) to reach 10 Fortune 500s by 2026

By Amelia Tomasicchio - 7 Jul 2021

Chevron down
Listen this article
download

According to a statement shared yesterday by Frederik Gregaard, CEO of the Cardano Foundation, the foundation behind the development of the blockchain of the same name and the ADA cryptocurrency, the long-term goal for the company would be to have at least 10 Fortune 500 companies holding ADA by 2026.

In addition to these, according to Gregaard, 50 banks will also come to hold ADA by 2022

Gregaard, CEO of the Cardano Foundation since September 2020, held a YouTube stream in which he presented the project’s roadmap for the coming years.

This would lead to ADA being used daily for financial transactions, becoming one of the competitors of Ripple and Stellar Lumens. To do this, Cardano is planning to increase the interoperability of its blockchain and work more in the DeFi space, making this area of decentralized finance a regulated space like banking services.

These are the words of the CEO of the Cardano Foundation:

“The other part about focusing on the banks- will allow us downstream, to push one of the most recollected industries but also one of the industries most right for a change. So basically, get their eyes open for what they can do long-term using smart contracts and other features using Cardano protocol.”

Looking at shorter term goals, the team also wants to create a blockchain explorer to make it more transparent and publish three new whitepapers to educate developers and create more onchain applications.

To do all this, Cardano will also be hiring new staff over the next 12-18 months.

The latest news on Cardano (ADA)

In late June, Cardano announced a partnership with Orion to create a “one-stop-shop” trading platform, a single decentralized platform that aggregates all cryptocurrency exchanges currently on the market. 

In addition, in early June, Cardano had also announced a collaboration with Nervos to become more interoperable with different blockchains. 

 

Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist. She is also a marketing teacher at Digital Coach in Milan and she is writing a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.