Apollo Currency Signs MOU With Nation of Lesotho as Part of Blockchain Initiative

Multi-function crypto platform Apollo announces MOU with the nation of Lesotho to improve the private sector, employment, poverty, and education.

Sandton, South Africa–(Newsfile Corp. – November 18, 2019) – ​​​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:

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The main objectives of the 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 constraint

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.

Global spending on blockchain will reach $12.4 billion by 2022.

For updates, visit Apollo Foundation:

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