Apollo, a multi-purpose crypto platform has signed a memorandum of understanding with the government of Lesotho to transform sectors of the economy, provide employment and eradicate poverty with blockchain technology.
Specifically, the MOU was signed with the Ministry of Communications, Science and Technology and the primary objective of the deal include:
The use of Apollo fintech solutions to create new opportunities to make wealth in the private sector, design and implement new government systems using blockchain technology, reduce financial crime and maximize the commercialization of Lesotho’s natural resources.
What’s more, the Apollo Foundation will also try to solve the problems of unemployment, illiteracy, and poverty.
Steve McCullah, director of business development at Apollo said:
“Lesotho is working to become a leader in technology. We are confident Apollo can help accomplish this mission.”
Located in the southern part of Africa, Lesotho has a population of 2.2 million, with numerous opportunities to boost the economy, including the export/import sector, remittances from its citizens working abroad, the mining and trade of diamonds and more.
It is estimated that global spending on distributed ledger technology (DLT) will reach $12.4 billion by 2022.
The Apollo blockchain network will foster efficiency in government services, facilitate cross-border payments and advance the commercialization and trade of the nation’s natural resources.
Apollo (APL) combines the excellent features of established and its distributed ledger is the fastest in the world.
The Apollo blockchain is one of the first to support database sharding, adaptive forging, atomic swaps, two-second blocks, encrypted messaging, a decentralized marketplace, decentralized exchange, and decentralized applications.
The Apollo (APL) altcoin is listed on several exchanges including Bitmart and IDAX. The team strives to build an infrastructure that makes APL an excellent asset to hold and use.
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