Cryptocurrencies are expanding their utility and features to boost relevancy. Tezos (XTZ) and Algorand (ALGO) recently stepped up to join real-world businesses to serve unique use cases. However, experts say that Snowfall Protocol (SNW) can easily surpass these crypto assets with its innovative solutions.
Tezos (XTZ) collaborates with a motor vehicle agency; its price sees a 0.50% rise
The open-source blockchain Tezos (XTZ) and OXhead Alpha have decided to tie up with California’s DMV (Department Of Motor Vehicle). Tezos (XTZ) will help the agency establish a DMV-based blockchain platform. One of the prime objectives of using Tezos (XTZ) is to digitize car titles exclusively for California drivers. The blockchain platform will also streamline title transfer between different car owners.
The chief digital officer at California’s DMV stated that they could build a shadow ledger or duplicate of the title database on the Tezos (XTZ) blockchain. Within a couple of months, Tezos (XTZ) developer and its partners will build consumer-facing applications. California drivers will be able to use digital wallets, consisting of car title NFTs, on the Tezos (XTZ) blockchain soon.
The partnership has a positive impact on the price chart of Tezos (XTZ), as a moderate upturn was witnessed in the last couple of weeks. Its current price is $1.10, which is 0.50% up within a day. Investors have high hopes for Tezos’ (XTZ) growth. However, it is yet to be seen if it fulfills their expectations.
Algorand (ALGO) takes a big step to join bank and insurance companies with a 1.53% price rise
Algorand (ALGO) has been chosen to support the Innovative Digital Guarantees platform, which is used in Italy’s insurance and banking markets. Algorand (ALGO) is infamous in the crypto market as a public Layer 1 blockchain platform with an excellent security mechanism. Thus, it was chosen for this particular development.
Developers say that Algorand (ALGO) will act as an alternative platform to provide a deposit or security bond to the vendors or suppliers. Moreover, Algorand (ALGO) will also provide efficient, fast, scalable, and low-cost data transactions to the digital guarantees platform.
The Research Center On Technologies Innovation And Finance of the Catholic University of Milan is developing the Algorand (ALGO) backed digital securities platform. One of the professors at the University states that Algorand (ALGO) can provide a high level of innovation in the banking space. The tie-up with Algorand (ALGO) aims to help Italy recover from COVID-19’s economic impact. The Italian government also believes that Algorand (ALGO) will help the country to excel in leadership and innovation.
Snowfall Protocol (SNW) speeds up its developmental launch resulting in price increase
The high-end multi-chain asset transfer solution of Snowfall Protocol (SNW) has given it immense popularity in the crypto market. Creators say that Snowfall Protocol (SNW) can enable the transaction between 200 plus non-EVM and EVM compatible networks. Thus, the project has a high range of potential use cases.
People have taken the opportunity to invest in Snowfall Protocol (SNW), while the project is in its presale stage, due to its high growth potential. Snowfall Protocol (SNW) token is selling at a price of $0.20, which is predicted to rise 1000x in the near future. Thus, the number of token buyers for Snowfall Protocol (SNW) has incredibly increased since its launch.
Snowfall Protocol (SNW) platform allows users to access its dashboard and purchase tokens with cryptocurrencies like BNB, ETH, BTC, and USDT. Creators are currently working on integrating more coins to enhance the unified network of the blockchain platform.
Currently, the project’s community members can seamlessly access different chains and protocols. Snowfall Protocol (SNW) is hosting its 4th presale, which will end in less than a week. So, join the platform and enjoy its innovative solutions and unmatchable price gains.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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