- Cardano Foundation launches AdaPay solution for businesses
- ADA responds to the launch of AdaPay
Cardano News Today – Shortly after the announcement of AdaPay, the price of ADA turned bullish for the Cardano Foundation and COTI, its partner. With this new solution, merchants can now start accepting ADA as payment. The Cardano Foundation is a very popular pioneer in the adoption of real-life blockchains.
In less than a week, the Cardano Foundation announced the launch of a new payment solution and also launched the Shelley Incentivized Testnet. The price of ADA rose shortly after the announcement, and it has amassed a considerable level of gain over the past few days.
Cardano (ADA) Price Today – ADA / USD
Cardano Launches AdaPay Solution for Business
The Cardano Foundation just released a new digital currency payment solution, AdaPay, for businesses. AdaPay solution was released on Nov. 28 and it is a collaboration product between COTI and the Cardano Foundation. COTI is a fintech company that is focused on ‘building own payment solutions’ for businesses. With this new solution, any organization or business can launch a payment gateway powered by ADA.
Adapay and Coti is now live https://t.co/lFLHgl9F3k
— Charles Hoskinson (@IOHK_Charles) November 29, 2019
For a business to get whitelisted with this new payment solution, that business needs to fill out a simple form on the official website of COTI. It is pretty easy and straightforward to use the payment solution. However, a business is required to have a minimum of $50k in monthly sales volume to use the solution.
One fascinating feature of this new payment solution is its digital currency-to-fiat integration. AdaPay solution has 35 fiat monies to choose from, offering users with near-instant settlements directly into their bank accounts. Hence, it appears that the Cardano Foundation has produced a new class of payment processor that combines the benefits of ‘classic’ and digital currency payments.
Cardano (ADA) Responds Bullishly to AdaPay’s Announcement
The native currency of the Cardano network – ADA – responded bullishly to the recent announcement. The recent milestone pushed the price of the coin considerably higher. Over the past five days, the price of Cardano (ADA) has increased by about 25 percent, pushing ADA/USD price to as high as $0.041. The digital currency even found its way into the list of top ten cryptos in the market during this price rally.
However, it is now to the 12th position on the list of top digital currencies by market, after correcting by about 7 percent over the past day. Cardano (ADA) is now trading at $0.0388. However, Cardano (ADA) is not the only coin correcting at the moment, as all the top cryptos in the market are currently heading south, with Bitcoin leading the group.