Multi-function crypto platform Apollo announces MOU with the nation of Lesotho to improve the private sector, employment, poverty, and education.
16th November 2019, SANDTON, South Africa – All-in-one cryptocurrency platform Apollo Foundation is announcing an MOU with the nation of Lesotho to develop and implement blockchain technology in various government departments and initiatives. The Ministry of Communications, Science, and Technology acted on behalf of the Lesotho government in signing the memorandum of understanding with the foundation. The main objectives of the Apollo Foundation blockchain initiative are to:
- Create new wealth in the private sector by harnessing Apollo fintech solutions
- Design and implement new government systems
- Reduce financial crime
- Maximize the commercialization of the nation’s mineral wealth
- Eradicate challenges like unemployment, poverty and educational constraints
Steve McCullah, director of business development for Apollo stated:
“Lesotho is working to become a leader in technology,” “We are confident Apollo can help accomplish this mission.”
Lesotho is a Southern African nation of 2.2 million with a large number of opportunities to improve its economy, including the export-import sector, remittances from workers, and the mining and trade of diamonds. Apollo blockchain technology is seen as a key solution to improving government services and initiatives, reducing the friction of cross-border remittance payments, and advancing the commercialization and trade of mineral wealth, especially diamonds. Global spending on blockchain will reach $12.4 billion by 2022.
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Apollo (APL) all-in-one currency combines nearly all features of mainstream cryptocurrencies into the fastest blockchain in the world. Boasting features and advancements such as the first implementation of database sharding, adaptive forging, atomic swaps, two-second blocks, encrypted messaging, a decentralized…