Apollo Currency Agrees on MoU with Lesotho for Blockchain Initiative

Cryptocurrency and blockchain platforms have always viewed mass adoption as the holy grail of achievement. While it is true that the new industry is constantly improving its image and increasing global presence, it is still a far cry from mainstream adoption. This is especially true when it comes to actual sovereign countries and their governments legalizing and allowing the industry to grow. 

Apollo Foundation

Introducing all-in-one Cryptocurrency Platform Apollo

Blockchain platform Apollo has recently taken an important step towards this journey of mainstreaming the sector. The Apollo team has recently announced that it has signed a Memorandum of Understanding (MoU) with the government of Lesotho to undertake various development projects for incorporating blockchain technology into government departments and ensuring fair governance.

MoU with Lesotho

The MoU was signed between the Apollo team and the Ministry of Science and Technology of Lesotho and has set specific goals that the partnership will see through. They include:

  • Allowing new private sector investment in the sector to make use of the fintech capabilities offered by the technology.
  • Researching new government systems and studying how to effectively implement them. 
  • Increase financial transparency and help fight financial crimes.
  • Achieve optimum commercialization of the nation’s sizeable mineral wealth deposits. 
  • Provide necessary help in combating poverty, unemployment and improving the national education system.

About Lesotho

Lesotho is a small landlocked African country situated within the boundaries of South Africa and identifies itself with the Sesotho language. The total population is 2.2 million and the country is a sovereign nation represented at the world forums including the United Nations itself. The small yet independent country provides the perfect opportunity for an upcoming crypto platform to showcase its use cases in governance and fiscal transparency.

What Apollo gets to gain from this MoU

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