- A Blockchain Developer From Australia is Working on Bringing Cardano ADA Payments to Shopify
- What Will Shopify Payments do For the Global Adoption of the Cardano ADA Token?
- Cardano Executives are Not Concerned With the Declining Price of the Token
Cardano News Today – Cardano is slowly becoming the new Ethereum. When Charles Hoskinson left Ethereum, he decided to create a network that will serve as an improvement of Ethereum and Cardano is that improvement. It’s true that the Cardano blockchain has many use cases but they are still lagging in terms of adoption. Recently, a developer from Australia has declared that he is working on making ADA payments available on Shopify. According to the post on Cointelegraph.com, he has already made significant progress in this regard.
Cardano News Today – What will Shopify Payments do for ADA?
During an interview with the cryptocurrency news agency, Cointelegraph, the independent developer Jeronimo Backes, said that he started working on this as part of his plans to increase the use cases of the ADA token. He said that he is emotionally and financially invested in the Cardano blockchain so he is dedicated to seeing it succeed. Backes believes that Cardano ADA is an enterprise-ready blockchain that can scale.
Over 1.2 million people across 175 countries currently use Shopify. This number is projected to keep increasing in the coming years. With Backes’s open-sourced code, people will be able to purchase products on Shopify using the ADA token. This is going to give the Cardano ADA token a significant level of exposure. Payments with big guns in the cryptocurrency industry like BTC, LTC, BCH, ETH, DASH are already available on Shopify. So, it makes sense for Cardano ADA to join the trend.
The product Backes is working on is much better than what is already in existence on Shopify. With the other cryptocurrencies listed above, payments are made through third-party exchanges like BitPay, CoinPayments, GoCoin, and Coinbase. Backes intends to eliminate these intermediaries completely allowing people to make Shopify Payments directly through their Cardano wallets.
ADA Price Prediction – Cardano Executives are Not Concerned With the Declining Price of the Token
The price of the ADA token has been on a roller-coaster ride over the last few months. It started the month extremely bullish against the USD thanks to the upcoming Shelley upgrade but things took a bearish turn right after the hardfork was completed. At the time of writing, the price of the token was $0.094977. This means that it is down by 8.07% against the USD and down by 4.93% against Bitcoin BTC. The trading volume over a 24 hour period was $796,286,964 and the market capitalization was $2,954,964,348. Charles Hoskinson and the other Cardano executives have said that he isn’t concerned about the price of the token. Their main concern is on promoting use cases and global adoption.