CDS Crypto News Algorand Blockchain Completed 1 Billion Financial Transactions
Crypto News

Algorand Blockchain Completed 1 Billion Financial Transactions

385
cds thumbnail (16) c216d126

Algorand Blockchain transactions

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

Algorand blockchain

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.

Algorand Blockchain

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/

Check out more of our latest news here

Written by
ali009

The author is 28 year old student recently graduated from Celal Bayar University, Faculty of Medicine. Currently he works as a writer and translator for different platforms.

Leave a comment

Leave a Reply

Related Articles

Before the Second BCH Halving Comes, Bitcoin Cash Rises to $584

With the second BCH halving just around the corner, the price has...

Cryptocurrency Rollercoaster: Bitcoin and Ethereum Show Uncertainty Before the Weekend

Bitcoin and Ethereum experienced some fluctuations, trading approximately 1% lower compared to...

As Bitcoin Holds at 70K Dollars, Dogwifhat Rises to Third Place Among Meme Coins

WIF reached the $4 milestone early on Friday but pulled back as...

Ethereum’s Vitalik Buterin Endorses Worldcoin’s Emphasis on Data Privacy Amid Regulatory Scrutiny

Additionally, the co-founder of Worldcoin shed light on other initiatives undertaken by...