Cryptocurrency

Cardano starts with AdaPay payment solution for ADA

Cardano (ADA) is certainly one of the most promising Crypto projects on the market. Although the development is not completed for a long time, but there is a lot ahead of us on the Cardano Roadmap. Yesterday morning, the Cardano Foundation has announced that, together with COTI developed AdaPay solution is now live. According to the official announcement, the solution will enable retailers to make payments in ADA with “almost immediate settlement in 35 Fiat currencies directly accept to your Bank account”. The yesterday led to a short-term ADA rate Pump of about 10%.

Cardano starts with COTI AdaPay

AdaPay is not only since yesterday on the program. Indeed, it is already developed since a long time on this payment solution. The Cardano Foundation has already been submitted in 2017, a trademark application for AdaPay. It was also published in the Oktrober 2019, a Video on the functionality of the AdaPay system. The payment process seems to be extremely easy and only takes a few minutes. In order to achieve the QR-Codes and quick confirmation times will be used.It is certainly an interesting development with Cardano and AdaPay but whether ADA will actually be used as a means of payment used, still stands in the stars. Because Cardano has not set itself the task to become a means of payment or a Store-of-Value with ADA, but in its network for the necessary safety and as an internal means of payment for Smart Contracts use. Similar to how it is in the case of Ethereum the case.

Rate Pump according to AdaPay-News

Although most of the News could have an impact on the various crypto projects in the last few months on the course, but at this news it looked different. The ADA rate has risen within a short period of time to about 10%. The ADA rate was a turn there not long, but many are already talking of a possible trend. Seemingly one or the other News is priced in but yet. However, the Bitcoin exchange rate still dominates the field, therefore, this important factor must not be neglected entirely.The best and safest stock market choose for you to opt for the right provider is not always easy. Therefore, we recommend that you take a look at our Bitcoin brokers & exchanges to throw a comparison. Trading on the safest and best exchanges in the world! For Comparison

Cardano must compete against Ethereum

All eyes are on the upcoming Ethereum 2.0 Update. It will show whether or not Ethereum will meet expectations, and whether the Transition to the new PoS (Proof-of-Stake) consensus is the mechanism easily. It is only when currently the most important Smart Contract platform has problems to contend with, creates space for other projects, such as Cardano. However, regardless of the development in Cardano very positive and apparently also in the ADA rate is noticeable.The Shelley Testnet is just before and on 29 November there is a Snapshot. The Cardano Team has created a series of questions and answers for users interested in the Shelley Incentivized Testnet. It will continue to be exciting as the Updates expire and whether or not Cardano create, it can establish itself in the niche market of Smart Contracts to.Can Cardano claim against its competition? Would you use ADA to Pay about AdaPay?Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.