Hedera, a prominent decentralized public network, has announced its strategic partnership with the United Arab Emirates (UAE) to implement decentralized identity solutions, aiming to enhance digital identity verification processes. This collaboration comes at a crucial time as Hedera's native cryptocurrency, HBAR, is currently testing a significant support level in the market, indicating potential fluctuations in its value and the broader cryptocurrency landscape. The partnership underscores Hedera's commitment to advancing blockchain technology while the cryptocurrency navigates critical market conditions.
source: https://blocknews.com/hedera-partners-with-uae-for-decentralized-ids-as-hbar-tests-key-support/