Cardano Partner with Brazil’s Biggest IT Firm – Can This Drive ADA to $2?
The world’s largest state-owned IT company is working with Cardano, which could change the way governments use blockchain. Brazil’s Federal Data Processing Service (SERPRO) has partnered with the Cardano Foundation to open the door to the massive adoption of blockchain. Will this partnership affect Prices in Cardano Up to $2?
Cardano and Serpro
The nonprofit Cardano Foundation promotes Cardano adoption, already Announced strategic partnership Partner with Serpro, a leading government technology provider in Brazil.
SERPRO manages 90% of the federal government’s digital solutions, which means this collaboration can bring blockchain to a large user base.
The partnership will focus on two main areas. First, it will educate Serpro’s 8,000 employees through Cardano Academy, providing training and master classes on blockchain technology.
Second, Cardano’s network will be integrated into Serpro’s services, which will potentially increase transparency and efficiency in Brazil’s government operations.
Why is this partnership important?
SERPRO is responsible for more than 750 digital solutions, with over 33 billion transactions per year and manages a large amount of government data. If Cardano successfully integrates its blockchain into SERPRO’s system, it can set an example for other countries.
This is not Cardano’s first step in Brazil. Back in December 2023, the foundation partnered with Petrobras, the country’s largest oil company, to provide blockchain education to its employees.
These moves demonstrate Cardano’s long-term vision to be a key player in government departments.
Price prospects for Aida
Despite this big announcement, Cardano’s ADA token is still struggling, down 8% in the past 24 hours to $0.88. However, according to analyst Ali Martinez, the ADA has been forming a right-angle descending wedge pattern since December 2023.
This is how #Cardano $ADA can enter a bull rally to $2! pic.twitter.com/fMO3u3lVdc
— Ali (@ali_charts) March 7, 2025
According to Martinez, if Ada manages to break the $1.14 resistance level, it could trigger the price to rise to $2.
