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Cardano signs a partnership with the American telecommunications company “DISH”…Details here

Cardano signs a partnership with the American telecommunications company “DISH”…Details here

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Answer Cardano signs a partnership with the American telecommunications company “DISH”…Details here

After the successful launch of the latest Cardano network upgrade, Cardano is moving forward through partnerships with various companies and agencies.

“DISH” and Cardano:

Speaking at the 2021 Cardano Summit, Char Hoskinson said:

While the main idea was to create a network where users could move seamlessly from one place to another, the business infrastructure remained ossified.

We think there is a lot of intersection between identity use, traffic, and other things that can be done and explored.

The strategic partnership between Cardano and DISH aims to bring Cardano’s blockchain technology to DISH’s communications services, which is likely to boost Cardano’s adoption and benefit DISH users with 8 million digital identities (DIDs) on satellite phones.

Read:Grayscale Ethereum investment fund resumes and 12 more funds are registered

Hoskinson commented on the partnership:

Collaboration can take place on a scale of millions to tens of millions, and eventually on a global scale.

So this is a very exciting relationship that we can’t wait to see how it goes.

The founder of IOHK added that he hopes the partnership will transform the entire telecom industry paradigm despite the challenges of implementing blockchain technology in this field.

According to him, millions of DISH users will have network connectivity with Cardano, without influence from central companies.

If successful, it could turn into the default business model for the communications space.

It is worth mentioning that DISH is one of the largest telecom services, with more than 19 million customers, which gives users complete control over every aspect of their account.

The company is also one of the first public companies to accept crypto payments, and is listed as a “Fortune-500” company.

The digital currency ADA was not affected much by the news:

This positive news did not move the price of the ADA cryptocurrency much to higher levels, as the bearish trend continues to dominate the crypto market in general after the recent Chinese decision recycled.

Read:In cooperation with jurists and thinkers…the digital asset platform “Fasset” seeks to expand in some Islamic countries

Currently ADA is trading at $2.23, with a market capitalization of $71.4 billion.

According to CoinGecko, ADA is now the third largest cryptocurrency after Bitcoin and Ethereum.

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