Cardano Estates Winery is now accepting smart contract platform Cardano’s ADA token as a means of payment for its red wines.
The Napa Valley, California-based winery says it accepts ADA on purchases made via its website or through social media channels.
Some wine enthusiasts say they’re already using the sixth-largest cryptocurrency by market cap to make purchases.
One such investor is thanking Cardano creator Charles Hoskinson for spreading the news.
Got my case of Cardano Reserve Cabernet 😎😎😎 and I paid with ADA. Thank you Cardano Estates for the wonderful wine. Thank you Charles for posting yourself drinking it. Thank you Chris for pointing me in the right direction on where to buy it. pic.twitter.com/pZXRRcZz0Q
— KDog (@KDog77435942) May 5, 2021
The Cardano Estates’ wines available online range in price from $65 to $125, or approximately 35 to 67 ADA.
The Estates and the blockchain bear a similar name, and while Hoskinson is interested in farming, the two entities do not share an origin.
While Cardano Estates does not explicitly state on its website how its name came about, the current owner’s grandfather, Martin Garzoli, traces his roots to Cardano Al Campo, Italy, from where he emigrated over a century ago to live and work in Napa Valley. Edward Lewis Snider is the owner and winemaker.
The Cardano cryptocurrency, on the other hand, is named for Italian mathematician Girolamo Cardano.
Cardano’s ticker symbol ADA pays homage to Augusta Ada Lovelace, who is considered the world’s first computer programmer.
Check Price ActionDon't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/DrHitch
