cardano foundation adapay
Cardano Launches Payment Gateway For Merchants
November 29, 2019
cardano foundation adapay
Cardano Launches Payment Gateway For Merchants
November 29, 2019

Cardano Foundation, launched AdaPay, an ADA payment gateway for merchants. Cardano (ADA) is the 12th biggest cryptocurrency in the market backed by the firm Cardano Foundation.

On Nov. 27, the firm announced that AdaPay is jointly developed by the Cardano Foundation and enterprise-grade fintech platform Coti. The solution allows merchants to accept ADA payments with a “near-instant” settlement in 35 fiat currencies directly in their bank accounts.

Payment Gateway Can Be Integrated Directly Into The Merchant’s Website

The plan for the ADA payment gateway first was announced on Oct 23. The announcement stated that the payment solution is now purportedly available to be integrated directly into the merchant’s website, using either an AdaPay button or a QR-based point of sale system.

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Merchants can manage real-time transactions in ADA, using Coti’s Universal Payment Solution (UPS) to further extend the utility case for the token. The payment tool is expected to combine “all existing support systems of traditional payment processors with the added value of digital assets,” as mentioned in the announcement.

After the announcement, ADA is up around 0.2% over the past 24 hours, trading at $0.040 at publishing time.

In September, New Balance, the popular American footwear company to announced that it will use Cardano blockchain to authenticate its products.

Source: Cointelegraph | Cardano | Image: MicroOne/ BigStock Photo


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Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.