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Adoption Time

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The previous week was full of impactful news in the field of blockchain and we are happy to share our weekly news digest - “Adoption time” with you - the most important crypto-related events gathered in a single article. Coming every Monday it will help you to find out new opportunities to use your crypto, reveal fresh-released crypto-projects and share relevant adoption cases.

Algorand Has Become The Official Blockchain Partner of FIFA

On the 2nd of May, FIFA FIFA President Gianni Infantino and Algorand founder Silvio Micali announced their partnership.

FIFA will get assistance from Algorand to "further develop its digital assets strategy," and Algorand will have the opportunity for promotions, advertising and media exposure through FIFA.

The price of ALGO has respond positively - within 24 hours it soared 20%

Gemini Has Launched Web3 Design Studio - Superlunar

One of the largest cryptocurrency exchanges - Gemini has announced the launch of a new project - Superlunar, with Beth Kurteson, one of the Gemini founders, as the CEO.

Unlike many other crypto start-ups the 14-person Superlunar team will focus specifically on design and security problems in the Web3 ecosystem.

Banco Galicia Has Enabled Bitcoin, Ethereum, USD Coin and XRP to Its Clients

The largest private bank of Argentina has provided its clients with the new investment option - cryptocurrencies.

At the time of writing, only Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC) and Ripple (XRP) are available, however according to the available information - the bank is going to add support to more cryptocurrencies in the future.

Toncoins (TON) Transactions Are Now Available Through the Telegram Chat

Last week the Open Network team announced an important update - soon they are going to add a special bot, with the help of which users will be able to send and receive TON directly through the Telegram chat.

On the background of Musk buying Twitter, lots of users expressed their will to see similar feature on Twitter.

Panama Has Approved a Bill Regulating the Use of Cryptocurrencies 

Panama has passed the law to regulate Bitcoin and other cryptocurrencies, as well as legally recognize DAOs. 

The law will “regulate the trading and use of crypto-assets, the issuance of digital value, tokenization of precious metals and other assets, payment systems and other provisions.”

According to Gabriel Silva, the congressman of Panama, - “This will help Panama become a hub of innovation and technology in Latin America!”

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