I know the EMURGO team has been signing deals left and right with governments and other organizations to expand the ADA reach across the globe. These are all awesome and look to be helping to drive the adoption of cryptocurrencies, specifically ADA, into main stream use! However, I did have a question how all of this may impact ADA trading and price movement.
Specifically, I’m confused on a few things. When a government or company signs or announces these agreements what does that actually mean for ADA tokens?
For example, with the New Balance (NB) anti-counterfeit announcement would NB have to buy or own ADA to use it to track their supply chain? Similarly, for the Ethiopian government to track their coffee will they need to own ADA to do so?
My thoughts are that if this was the case the current owners of ADA would benefit as there would be some pretty large purchases made to use ADA by both of the above examples, thus driving the price of ADA higher.
Am I understanding all of this correctly? Asking for an ADA tech friend …