Millions of local Africans are set to become homeowners of eco-friendly residents through a Cardano (ADA) initiative. To facilitate this project, a DAG-based layer built for Enterprises, COTI has partnered with Empowa, a RealFi project built on the Cardano blockchain.
In a blog statement, COTI stated, “We are pleased to announce another Djed partnership, this time with Empowa. Empowa enables local African developers to offer an affordable lease-to-own option for eco-homes to their customers. This system gives tenants the opportunity to own a home at the end of the lease period, thereby providing quality housing for them.”
It further stated, “A core mission of Empowa is to increase the mainstream adoption of blockchain across the African continent with special attention being paid to Cardano’s offering. The inclusion of the Djed stablecoin as a means of transferring funds to local building partners brings Empowa a step closer towards its goal to speed up blockchain adoption in Africa.”
Glen Jordan, Empowa CEO and Co-Founder commented:
“As a proud Cardano project, we are excited to see the ecosystem reach this significant milestone, the launch of a native stablecoin. We are eager to play our role in supporting broader adoption of the Djed stablecoin, especially across the African continent.”
According to COTI, this partnership, along with some of the previous ones they have announced, will ensure the proper utilization of Djed across the entire Cardano ecosystem and create an increased use-case for it across multiple platforms.
Notably, the inclusion of Djed, a stablecoin in the innovation, will also facilitate the popularity of Blockchain in Africa.