Advertise
Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Mar 07, 2025 12:06 UTC
-
Cardano Partners with Brazil’s Biggest IT Firm – Can ADA Price Hit $2?
Cardano partners with Brazil’s state-owned IT giant SERPRO to boost blockchain adoption.
SERPRO handles 33 billion transactions yearly, making this a massive blockchain integration opportunity.
Analyst Ali Martinez suggests ADA could hit $2 if it breaks the $1.14 resistance level.
Brazil’s biggest state-owned IT company is teaming up with Cardano, and it could change how governments use blockchain. The Federal Data Processing Service (SERPRO) has partnered with the Cardano Foundation, opening doors for large-scale blockchain adoption.
But could this move push Cardano’s price to $2?
Cardano Expands Its Reach in Brazil
Cardano Foundation, the non-profit organization pushing for Cardano’s adoption, has announced a strategic partnership with SERPRO, Brazil’s leading government technology provider.
SERPRO handles digital services for over 90% of the country’s federal administration. This means the collaboration could introduce blockchain to millions of users.
The partnership will focus on two major areas:
- Blockchain Training: SERPRO’s 8,000 employees will gain access to Cardano Academy, where they’ll receive training and masterclasses on blockchain technology.
- Government Integration: Cardano’s network will be integrated into SERPRO’s systems, potentially improving transparency and efficiency in public services.
SERPRO oversees more than 750 digital solutions, processes over 33 billion transactions annually, and manages vast amounts of government data. If Cardano successfully integrates with these systems, it could set an example for other governments to follow.
This isn’t Cardano’s first move in Brazil. In December 2023, the foundation partnered with Petrobras, the country’s largest petroleum company, to provide blockchain education to its employees. These steps highlight Cardano’s long-term goal of becoming a key player in government technology.
ADA’s Price Outlook
Despite this major announcement, Cardano’s ADA token has struggled, dropping 8% in the last 24 hours to $0.88. However, according to analyst Ali Martinez, ADA has been forming a right-angled descending broadening wedge pattern since December 2023.
As per Martinez, if ADA manages to break the $1.14 resistance level, it could trigger a price surge to $2.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Yes 
No 
