Charles Hoskinson, CEO of blockchain consultancy and research firm IOHK that is developing the Cardano platform. Source: a video screenshot, Bloomberg/Youtube

The Cardano Foundation launched a new crypto payment solution, AdaPay, aimed at merchants, making ADA, the native token of the Cardano platform, one the best performing coins among the TOP 20 digital assets today.

The solution, developed together with COTI, an enterprise-grade fintech platform, “allows merchants to accept payments in ADA with a near-instant settlement into 35 fiat currencies directly into their bank accounts,” the foundation announced on Thursday.

ADA, ranked 11th by market capitalization, rallied after the news and at pixel time (07:13 UTC) trades at c. USD 0.042. The the price is up by 8% in the past 24 hours and by 12% in the past week. It’s still down by 3% in the past month and is unchanged in the past 12 months.

ADA price chart:

Cardano Dives Into Crypto Payments, ADA price rallies 102

The foundation announced the development of the payment gateway in the end of October this year.

The solution can be integrated directly into merchant’s website either with an adaPay button or a QR-based point of sale (PoS) system.


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Author: Linas Kmieliauskas


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