Cardano Foundation Partners with Mastercard, Reaches Milestone on Ouroboros Leios

The Cardano Foundation has partnered with Mastercard's Crypto Partner Program to advance public blockchain infrastructure and global payments.

The partnership will focus on areas such as cross-border money movement, B2B transactions, and settlement. This integration aims to connect public blockchain infrastructure with global payments, enhancing financial transactions beyond simple transfers between crypto users.

Ouroboros Leios, a Cardano network development, has reached a milestone of 250 TxkB/s in testing, demonstrating the potential for about 1,000 simple transactions per second. This achievement is significant but still requires tuning and optimization to translate to real-world internet conditions.

Charles Hoskinson, founder of Cardano, discussed RealFi, which will bring stablecoin-based lending and real-world finance to the network. He mentioned that RealFi will launch next month, focusing on banking the unbanked in Africa.