Cardano Gears Up for Mainstream Crypto Push With Wallet Upgrade And ‘Pay With Ada’ for Merchants
Public blockchain Cardano is pushing for mainstream crypto adoption with its new wallet upgrade and its latest partnership with COTI, an enterprise-grade blockchain protocol that powers crypto payments for merchants, decentralized applications, such as online games, and stablecoin issuers.
Users will be able to shop online using Cardano’s native cryptocurrency Ada to make everyday purchases.
Cardano recently announced ‘Pay with Ada’, a new platform under development for merchants. In collaboration with COTI, the platform will allow merchants to accept Ada payments with near-instant settlement into 35 fiat currencies – directly into merchant bank accounts.
To integrate the payment option, merchants will be able to add an adaPay web button or a QR-based point of sale (PoS) system. The solution will also allow merchants to manage all of their transactions in real-time.
COTI is now accepting merchant applications via email for companies that want to accept Ada as a payment option. The platform is due to launch this month.
For crypto-friendly consumers and investors, Cardano’s native cryptocurrency Ada can be securely stored by the platform’s wallet: Daedalus.
In a video released on Thursday, Darko Mijić, project head of Daedalus, details new features incorporated into the latest upgrade.
“This release brings two significant new features and a lot of improvements to existing features and bug fixes which improve user experience.”
Mijić’s presentation covers the new newsfeed feature as well as the wallet recovery phrase verification feature, general user interface upgrades and improvements.
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