The firm behind the 12th biggest cryptocurrency Cardano (ADA), Cardano Foundation, has launched AdaPay, an ADA payment gateway for merchants.
The gateway developed by Coti allows merchants to accept ADA payments with “near-instant” settlement in 35 fiat currencies directly in their bank accounts. This is according to the firm’s announcement.
The Cardano payment solution is now available to be integrated directly into merchant’s website, using either an AdaPay button or a QR-based point of sale system, according to the announcement.
To enable the merchants to manage real-time transactions in ADA, the solution uses Coti’s Universal Payment Solution (UPS) to further extend the utility case for the token. The payment tool is expected to combine “all existing support systems of traditional payment processors with the added value of digital assets,” as previously announced.
As a result of the news, ADA is up around 0.2% over the past 24 hours, trading at $0.039 at the time of this writing.