Cardano ($ADA) Founder Charles Hoskinson Signs MOU With Government of Brundi

Cardano ($ADA) Founder Charles Hoskinson Signs MOU With Government of Brundi

October 27, 2021

Charles Hoskinson, Co-Founder and CEO of IOHK, the company responsible for building Cardano ($ADA), announced yesterday (October 26) that he had signed a memorandum of understanding (MOU) with the government of the Republic of Burundi. 

An MOU is “an agreement between two or more parties outlined in a formal document.” Although “it is not legally binding”, it does demonstrate “willingness of the parties to move forward with a contract.”

Here is how the IOHK CEO announced the news about this agreement with the small central African nation:

Interestingly, around eight hours earlier we got a hint that a deal between IOHK and the government of Brundi was imminent after Hoskinson tweeted that he had changed his Twitter profile photo to a photo of one of his meetings with Évariste Ndayishimiye, who is the President of Brundi:

Hoskinson had tweeted about this meeting (which was all “about the future of Burundi’s digital transformation”) a day earlier:

One $ADA HODLer and influencer tweeted about the potential impact of this MOU in Brundi:

And before Hoskinson arrived at Brundi, he was in Zanzibar, meeting with President Hussein Ali Mwinyi, as part of his tour of Africa.

Yesterday, Tamara Haasen, Chief of staff at IOHK, explained that the meeting with Zanzibar’s president had been arranged thanks to help from Africa-based blockchain-powered mobile network World Mobile ($WMT):

Haasen also tweeted this Messari infographic to show how decentralized $ADA ownership is compared to several other popular blockchain projects:

It is worth remembering that in May 2018, during a previous tour of Africa, the Cardano founder signed an MOU with Dr.-Ing. Getahun Mekuria, Ethopia’s former Minister of Innovation and Technology (and its Minister of Education since February 2020):


The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Source: Read Full Article