Another government contract with IBM - Stellar?
Riyadh, Saudi Arabia, has made an agreement with IBM to use blockchain technology to streamline their government services. This seems to be part of a long term vision for Saudi Arabia, and using blockchain technology could potentially make their provided services faster and more efficient.
It has yet to be seen if these government contracts will drive a price movement on stellar itself, but, to me, it speaks to the "mainstreaming" of blockchain and crypto.
In full disclosure, I hold a small position on Stellar, ticker XLM, and will possibly be buying more, but this is not advice to buy, sell, or hold anything. Before investing in anything, do our own research or talk to a certified financial advisor.
Interesting info. It will be good to all cryptos, I think.
I hope so, it kinda "legitimizes" the technology a bit.
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Good news bro. Might need to double my position.👍
that could be a good idea!
Definitely something to look into. With this kind of mass adoption, I think it could be good for a short term flip in this type of market.
It's a tough market right now, but all of this type of news should be good.
It's a tough market
Right now, but all of this type
Of news should be good.
- fat-elvis
I'm a bot. I detect haiku.
Great news! Australia, now Saudi Arabia — gov’t services platform = large fucking dollars!!!
Lets hope so! Governments cock up everything they touch, is my worry!
True dat.
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no way!
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