California DMV Puts Car Titles on Tezos (XTZ) Blockchain, Algorand (ALGO) to Support Bank and Insurance Guarantee Platform in Italy, Snowfall Protocol (SNW) Shines with Launch of New Solution

Cryptocurrencies are expanding their utility and features to increase their relevance. Tezos (XTZ) and Algorand (ALGO) recently stepped up to join real businesses to serve unique use cases. However, experts say that Snowfall Protocol (SNW) can easily surpass these cryptoassets with its innovative solutions.

Tezos (XTZ) partners with a motor vehicle agency; price increases by 0.50%

Open source blockchain Tezos (XTZ) and OXhead Alpha have decided to tie up with California’s DMV (Department Of Motor Vehicle). Tezos (XTZ) will help the agency establish a DMV-based blockchain platform. One of the main goals of using Tezos (XTZ) is to digitize car titles exclusively for California drivers. The blockchain platform will also streamline title transfer between different car owners.

The chief digital officer at California’s DMV stated that they could build a shadow book or duplicate title database on the Tezos (XTZ) blockchain. In a couple of months, Tezos (XTZ) developer and its partners will build consumer-facing applications. California drivers will soon be able to use digital wallets, consisting of car title NFTs, on the Tezos (XTZ) blockchain.

The partnership has a positive impact on the price chart of Tezos (XTZ), as it has witnessed a moderate rally in the past couple of weeks. The current price is $1.10, which is 0.50% up in a day. Investors have high hopes for Tezos’ (XTZ) growth. However, it remains to be seen if it lives up to their expectations.

Algorand (ALGO) Takes Big Step to Join Banking and Insurance Companies with 1.53% Price Increase

Algorand (ALGO) has been selected to support the Innovative Digital Guarantees platform, which is used in Italy’s insurance and banking markets. Algorand (ALGO) is notorious in the crypto market as a public Layer 1 blockchain platform with an excellent security mechanism. Thus, it was chosen for this particular development.

Developers say that Algorand (ALGO) will act as an alternative platform to provide a deposit or security bond to the suppliers or vendors. In addition, Algorand (ALGO) will also offer efficient, fast, scalable and affordable data transactions to the digital guarantee platform.

The Research Center for Technology Innovation and Finance at the Catholic University of Milan is developing the Algorand (ALGO)-backed digital securities platform. One of the professors at the university states that Algorand (ALGO) can provide a high level of innovation in the banking area. The tie-up with Algorand (ALGO) aims to help Italy recover from the economic impact of COVID-19. The Italian government also believes that Algorand (ALGO) will help the country excel in leadership and innovation.

Snowfall Protocol (SNW) accelerates the launch of development, resulting in price increase

The advanced multi-chain asset transfer solution of Snowfall Protocol (SNW) has given it immense popularity in the crypto market. Creators say Snowfall Protocol (SNW) can enable the transaction between 200 plus non-EVM and EVM compliant networks. The project thus has a large range of potential use cases.

People have taken the opportunity to invest in Snowfall Protocol (SNW), while the project is in the pre-sale stage, due to the high growth potential. Snowfall Protocol (SNW) token is sold at a price of $0.20, which is predicted to rise 1000 times in the near future. Thus, the number of token buyers for Snowfall Protocol (SNW) has increased incredibly since its launch.

The Snowfall Protocol (SNW) platform allows users to access the dashboard and purchase tokens with cryptocurrencies such as BNB, ETH, BTC and USDT. Creators are currently working on integrating more coins to improve the unified network of the blockchain platform.

Currently, the project’s community members can seamlessly access different chains and protocols. Snowfall Protocol (SNW) is hosting its fourth presale, which ends in less than a week. So join the platform and enjoy its innovative solutions and incomparable price gains.

get in while you can and invest in Snowfall Protocol (SNW) today!!!

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