According to the CMC’s report on Wednesday, Blockchain Protocol Algorand (ALGO) has been featured on various news portals with a %5 increase in value over the past 24 hours.In addition, Algorand Blockchain announced that it had completed 1 billion financial transactions and asked the community to stay tuned for big surprises in the future.
Great Development in Italy
At the event held in Milan last month by the Research Center for Technologies Innovations and Finance (CETİF), Algorand Blockchain decided to join the Bank of Italy and the Italian Insurance Supervision Institute (IVASS) to demonstrate how bank and insurance guarantees can be generated on the blockchain. A bank guarantee is a type of financial insurance issued by a bank, through which the bank guarantees that the debtors will pay whatever their obligations may be. We should underline that with the entry into force of this decision in 2023, a state that is a member of the European Union for the first time will be allowed to use blockchain technology for bank and insurance guarantees.
This decision is a part of the EU Recovery Plan, in which the EU provides 200 billion euros to support Italy. The main objective of the plan is to restore the EU’s economy, which was damaged after the COVID-19 pandemic.
Summary
- The team wanted the community to stay tuned for big surprises.
- According to the CMC’s report, ALGO increased by 5% (give or take) in the last 24 hours.
Source
https://thenewscrypto.com/
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