Cardano’s Founder’s RealFi Launch Aims to Empower Financially Excluded Population

Cardano recently celebrated the introduction of RealFi, a decentralized finance (DeFi) development aimed at providing financial services to financially Excluded populations through blockchain technology. RealFi, or Real Finance, focuses on offering transparent and secure financial solutions such as lending and borrowing to underserved populations.

This initiative is supported by key partnerships with World Mobile and Atala PRISM, which aim to create a comprehensive digital identity platform essential for securing access to financial services. Atala PRISM provides self-sovereign digital identity solutions, facilitating the integration of individuals into the global financial ecosystem.

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Hoskinson Takes on RealFi’s Future

In a blog post, Charles Hoskinson predicted that RealFi would see widespread adoption among DeFi providers, emphasizing its integration of identity and metadata to establish robust standards for security, functionality, and regulatory compliance. The initiative aims to address a broader spectrum of needs, providing access to essential services such as insurance, education, and healthcare through blockchain and digital identity.

Cardano’s focus on empowering the developing world is evident in its efforts to connect approximately 3 billion people who lack reliable financial services to the cryptocurrency space. Despite skepticism, particularly regarding its partnership with World Mobile, Cardano remains committed to its long-term potential.

Current Market Trend

In terms of market performance, Cardano (ADA) is currently priced at $0.4613, with a 24-hour trading volume of $563,572,724. There has been a 4.12% decline in the last 24 hours and a 4.08% decrease over the past week. Charles Hoskinson has also highlighted the evolving role of NFTs within the Cardano ecosystem, noting their potential beyond art.

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