A blockchain startup incubator that is based out of Japan – Emurgo, announced on Monday 10, May 2018 that it would be integrating the digital currency of Cardano (ADA) in Metaps Plus. Metaps Plus is a payment platform, and it is one of the biggest payment platforms in South Korea with over ten million mobile to offline transactions.
Cardano’s Partnership with Emurgo
This recent partnership involves incorporating the digital currency of Cardano (ADA) into the payment platform that delivers ten million mobile to offline transactions on a yearly basis over forty thousand offline stores. This adoption will take place in the third quarter of this year, according to the press published by Emurgo.
Emurgo CEO’s Comment
The CEO of the payments platform said: “Emurgo’s partnership with Metaps plus will enable Cardano to expand more quickly, and it will eventually be recognized as the new way for settling payments in the Korean market.” The digital currency offered by Cardano will be utilized in more than thirty-three thousand offline franchise promotions and stores, partnering with franchises that are already partnering with Metaps Plus.
Micheal Parsons’ Comment on the Adoption
The Chairman of Cardano Foundation – Micheal Parsons said: “The adoption of the ADA digital currency token of Cardano by Metaps Plus indicates instant digital settlements and payments, with less susceptibility to fraud, can soon occur in Korea – a nation that has been revolutionizing early adoption of new technologies and history of innovation.
The adoption of Cardano by one of the mobile payments and marketing giants in South Korea indicates adoption on a larger scale. It means the first Asian digital currency incorporation into mobile payment platforms.
One of the major goals of Emurgo is to bring forth adoption among partners that want to use the blockchain on which Cardano was designed in mainstream industries and firms.