Australian Developer Allows All Shopify Stores To Transact In ADA Tokens Run On The Cardano Network
An Australian developer has completed work on a Cardano app that will allow all Shopify stores to transact in ADA tokens and other tokens, which run on the Cardano network.
It has been reported that the project is being developed voluntarily by Jeronimo Backes who wants to help bring utility to the blockchain.
My update on the #Cardano #shopify integration (progress after 2 weeks of development) https://t.co/elm7rwf8OK via @YouTube Delegate to the SHOP stake pool to support this initiative.@IOHK_Charles @IOHKMedia @DCdoso @emurgo_io — Jeronimo Backes (@germanobax) August 28, 2020
However, the developer said that he chose Cardano not only because he is already invested in the network, both financially and emotionally, but because he sees it as the most enterprise-ready blockchain that can scale appropriately.
“Unlike others, this one is the one I think is being built to last. It’s not like Ethereum, EOS, Tron, and others who are still in a proof-of-concept phase in relation to large-scale business use-cases.”
It is open-sourced to encourage developer contributions and enable full customization and will enable stores to receive payments in ADA without the need of an intermediary.
Backes stated that any store owners that wish to use the app will simply need to select it from the range of payment applications available to them. Once installed, users will be sending funds directly to the store’s private wallets. No one else will see the payments.
My goal for 2021: I'm going to rock your world, #cardanohttps://t.co/lcUmnRVMgv — Jeronimo Backes (@germanobax) October 1, 2020
Like Bitcoin, Ether, Bitcoin Cash, Litecoin, and Dash, the transactions are still facilitated by intermediaries such as Coinbase Commerce, BitPay, GoCoin, and CoinPayments.
Likewise, Backes hit a problem with Cardano’s BIP 44 protocol, last month, resulting in having to develop a brand new wallet from scratch, pushing development back at least two months.
“Essentially, the problem lies with addresses requiring a small amount of ‘dust’ in order to be seen as active by the network.”
This problem could be classed as critical since, if not resolved, it will result in stores not seeing certain transactions entirely.
Moreover, the new wallet will eventually support plugins, adding extra functionality such as automatically calculating and separating taxes from the main pool of funds held in it.
In light of having to develop his own wallet, the Cardano and Shopify integration will hopefully be released by the end of the year.
Thus, Backes has submitted a proposal to Cardano’s Project Catalyst, which could receive a portion of the $200,000 Treasury fund marked for the winning proposals.
#JeronimoBackes #CryptoNewsPoint #ADATokens #cardano #DigitalNotice #Shopify