<span style="font-weight: 400">Sovereign Union and Apollo Fintech are now <a href="https://www.globenewswire.com/news-release/2020/09/19/2096117/0/en/Sovereign-Union-Announces-CBDC-Pilot-Partnership-with-Apollo-Fintech.html" target="_blank" rel="nofollow noopener">collaborating</a> with each other. Through this partnership, they will be able to both bid and acquire government contracts related to blockchain technology. This initiative will cover around 26 Pacific island countries and it will also include pilot programs in Palau and Micronesia. Both the firms have proposed ledger applications, which will also include the National Payments Platform which will be for the issuance of the central bank digital currency (CBDC). Along with this, the E-Government Platform by Apollo will also be included in those proposed applications. This could be seen as an initiative by both the firms to bring a cashless economy for the whole region.</span>
<h2><b>Sovereign Union Educated Pacific-Area Governments About Public Ledger Technologies</b></h2>
<span style="font-weight: 400">It has been seen that ever since the Sovereign Union was established, it has been trying to educate the government of the whole Pacific region about the public ledger technologies and will also include CBDC. With this partnership, both the firms will bring the plug and play blockchain solutions that will help issue <a href="https://www.cryptoknowmics.com/news/payment-services-giant-mastercard-releases-cbdc-testing-platform/">CBDC</a>.</span>

<span style="font-weight: 400">Sovereign Union and Apollo Fintech will design and implement the national currency and the complete monetary system for the Pacific governments. Through this, it will foster the growth of economy and international trade through digital platforms.</span>
<h2><b>Apollo Fintech Announced Completion of NPP</b></h2>
<span style="font-weight: 400">Back in the previous month, Apollo Fintech announced the completion of its National Payment Platform (NPP). This is a platform that helps the central banks to issue a digital currency for a nation-wide adoption. Tridib Nandy, founder of Sovereign Union, has said that, “This exciting partnership brings communities in the Pacific the ability to utilize a cashless economy without the traditional barriers of ePayments.” He also mentioned that through this partnership, any nation will be able to take part in the cashless revolution.</span>

Sovereign Union And Apollo Fintech Collaborated To Acquire Blockchain-Related Contracts

Sovereign Union and Apollo Fintech are now collaborating with each other to bid and acquire government contracts related to blockchain technology.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Sovereign Union And Apollo Fintech Collaborated To Acquire Blockchain-Related Contracts

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