Charles Hoskinson, the founder of the Cardano blockchain, said on October 31st that there would be much crypto adoption during the tenure of Brazil’s current president.
Crypto is about to get a lot of adoption as sovereign currencies fail
— Charles Hoskinson (@IOHK_Charles) October 31, 2022
Charles made this comment on his Twitter page in the early hours of the day, and it’s not a mystery to see why he is so optimistic.
Brazil has recently seen a lot of development in terms of digital assets, and presently, about 12,000 companies in the country own crypto assets.
In addition, several crypto startups are emerging in the country regularly, and those already established are experiencing significant growth.
They have also partnered with numerous crypto organizations outside the country.
A superb example is a partnership between 2ND, a Brazilian-based crypto platform, and GK8, an Israeli-based crypto platform focusing on digital asset custody, on October 14.
The two companies working hand in hand to increase crypto adoption in the country will not only favor Brazil. Still, they will also positively influence the adoption of digital assets in other LATAM regions.
In addition, it will boost the crypto offerings and services of 2ND and aid the general development of the platform.
The collaboration between those two crypto platforms is one of many that happen in the crypto sector in Brazil regularly.
Hoskinson also ties the president-elect Lula to the late Nelson Mandela, who slid out of prison to become one of South Africa’s most respected presidents.
Lula himself made a fantastic comeback from political exile to become the next president of Brazil.
Charles believes that Mandela restructured South Africa in all respects. He also believes that the current president-elect will do the same in Brazil, but this time it will be in financial aspects.
He is also keenly interested in how the country will fare economically in the coming decade.