Algorand (ALGO) — the blockchain-based cryptocurrency protocol that leverages proof-of-stake technology — is up over 12% in 24-hour trading following the announcement of its partnership in India.
Algorand’s recent push into India
On Mar. 29, ALGO reported that it has secured a partnership deal in India with AlgoBharat, a move it hopes will support India’s burgeoning economy as it moves from Web2 to Web3.
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