The Cardano ecosystem is being replenished with new projects that aim to develop the African region.Input Output Global - the creator of Cardano has recently signed a deal with iceaddis which is an Ethiopian incubator for startups in tech to help local young entrepreneurs. They have launched the Ariob incubator as part of a plan to boost the sustainability and growth of the projects supported by Project Catalyst -- the largest decentralized innovation bank in the world.This partnership is meant to aid in the development of projects that are funded through the Project Catalyst Foundation. Startups have access to the expertise and resources of venture capitalists in order to design solutions to real problems in Africa. The community selects the programs they like and the program's creators are provided with financial aid to implement them.Why Africa?Africa is on the verge of becoming a center of blockchain innovation. It is a vast continent with many different cultures, which permits the rapid adoption of new technology. In Africa, there is no desire to adhere to old systems, which means it is much easier for technological advances to be able to grow and establish the momentum they need to gain. Technology, development and financial services hold great potential to modernize society and all industries.The potential for the adoption of cryptocurrency and distribution is enormous in Africa. While only 2% are cryptocurrency transactions that are made within the region, KuCoin cryptocurrency exchange analysts have reported that Africans utilize cryptocurrencies in certain countries that can reach 2670 percent by 2022."The use of digital assets is increasing exponentially across Africa," said Johnny Lyu, KuCoin CEO. African countries have the highest rate of cryptocurrency use, far exceeding regions like Asia, Europe, and the USA," stated Johnny Lyu, KuCoin CEO.The region has one of the highest rates of adoption by the masses of cryptocurrency. Three countries: Kenya is, Nigeria, South Africa (and Tanzania) have a place in the top 20 nations according to the Global Cryptocurrency Adoption Index. Chainalysis places them in the 5th-6th position, 16th-16th, and 19th.Republic of South Africa is the absolute leader in terms of market size and currency holders. https://cryptonewsru.com/400-crypto-platforms-let-evase-sanctions-in-russia/ has discovered that 47 percent (or more) of South Africa's population of adults are crypto currency users. The third group plans to invest in these currencies.Input Output Global and the Ethiopian Ministry of Education announced an agreement last year to provide five million Ethiopian students an opportunity to prove their academic credentials with Atala PRISM technology. IOG has also partnered with World Mobile in Zanzibar to give access to basic online services using blockchain technology, since 40% of Africans do not have internet access. 1000 internet providers across the globe cover developed countries, but more than half of Africans are not provided with internet access.Charles Hoskinson founder and CEO of IOG has often stated that Africa could be able to perform an "economic miraculous" and catch up with the larger economies around the world , like China or the United States. Cardano believes in as a "miracle on the African continent."In this sense incubator programs are essential. Project Catalyst (and Ariob) provide Africa's projects with both economic and entrepreneurial tools. This can help increase the growth of ecosystems and sustain them. This comment was made by an IOG representative in their latest launch."The Ariob incubator. This is where the top projects will be chosen for the program of support. The program will run through the first quarter of 2022. The program will help develop creative potential and to test concepts. It also assists in the creation of prototypes for finding the most effective product. Ariob can assist you in connecting your ideas with non-governmental organizations, educational institutions, and local businesses.How is the Cardano ecosystem working generally?Cardano is working currently on Hydra updates and is focusing its efforts on sustainability as well as making the system better. Cardano is currently at the Basho stage, which is designed to create an optimized environment that can support and encourage the development of decentralized apps (dApps). Cardano has already over 1,000 projects. https://cryptonewsru.com/top-crypto-exchanges-in-russia/ have the highest activity with 47.9 percent. Users and creators alike are believing in the power of blockchain to yield amazing results. Cardano NFT has made Snoop Dog a big star because Clay Nation partners with the rapper to provide "iconic NFTs" via the internet.Cross-blockchain blockchain projects, which enable transactions between various blockchains are becoming increasingly popular. Cardano is also working in this area. The end of March, Milkomeda, a second-level protocol offering EVM capabilities to blockchains other than EVM, was launched on the principal Cardano network. This allowed users to deploy Ethereum-based dApps on the Cardano ecosystem for the first time.The lending industry is third in Cardano's most popular business. The size of the world credit market is estimated at 26.08 trillion US dollars. The industry's annual growth rate is expected to be 24% between 2021 and 2028.

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