After much anticipation, Cardano has finally been recognised as the promising and innovative cryptocurrency that it is, and companies are taking notice. Emurgo, a blockchain start-up based in Japan, has integrated ADA into its services, but Cardano has also attracted the attention of more decentralized businesses, including Metaps Plus.
To better put things into perspective, Metaps Plus is notably one of the most prominent payment platforms in South Korea, with over 10 million mobile to offline transactions. The partnership with Cardano, whose distributed computing platforms runs using blockchain, means that ADA will be granted access to nearly 33.000 offline stores. In a statement released by Emurgo, Cardano will be accessible on Metaps Plus somewhere during 2018:
“Our partnership with Metaps plus will allow Ada to expand more rapidly and be recognized eventually as a new way for payment settlement in the Korean market,” stated the CEO of Emurgo, Ken Kodama.
All in all, it’s safe to say that Cardano has taken a giant leap to the mainstream by going forward with this partnership. While we were already aware that South Koreans are enjoying the wonders of ADA and other cryptocurrency exchanges, not many could have predicted this bold and potentially bullish move. At the moment, it appears that a huge number of ADA fans are already showing their support on Twitter.
“The adoption of Cardano’s ADA cryptocurrency token by Metaps Plus means that immediate digital payments or settlements […] can soon take place in South Korea, a country that has a pioneering history of innovation and early adoption of new technologies,” said the Chairman of the Cardano Foundation, Micheal Parsons.
We can’t help but get excited about the news, mainly since we know that the team behind ADA has been tirelessly working towards completing its Proof of Stake algorithm, designed to solve many security flaws. Overall, the completion of this project would mean that both PoS and PoW could enhance security to another level.
In any case, regardless of whether this idea will materialize or not, ADA remains a third-generation cryptocurrency, currently, number seven in market capitalization when compared to other digital assets. We shouldn’t forget that ADA is a relatively new coin and that despite this, it’s going incredibly well, trading at approximately $0.25 according to CoinMarketCap.
Regarding price predictions for Cardano, investors say it could reach $10 in the next five years. While this won’t break or make the market, the Cardano foundation has a strong team behind each project, along with a jaw-dropping technology which is built around an open-source technology.