The Cardano Foundation, a company underneath the 12th largest cryptocurrency in Cardano (ADA), has launched AdaPay. It is an ADA transaction portal for merchants which went live yesterday.

The solution enables traders to adopt ADA transactions with “near-instant” settlement in 35 fiat currencies. Specifically in their bank accounts, the company stated on November 27. It was develope by the Cardano Foundation and enterprise-grade fintech platform Coti.

The proposals for the ADA payment gateway were first laid out on October 23. The payment platform is now eligible to be incorporate directly into the merchant’s website. Using either the AdaPay key or the QR point of sale device, according to the statement.

As previously announced, the transaction tool is intend to integrate the existing support structures for traditional payment providers with the added value of digital assets. Futhermore, in order to allow traders to handle real-time payments in ADA, the system utilizes Coti’s Unified Payment Solution (UPS) to further extend the utility argument for the token.

According to the news, ADA has increased by about 0.2% over the last 24 hours. Trading at $ 0.039 at the time of writing.

Other company have builts gateways

In November, the French payment firm Ingenico collaborated with Singapore-based crypto startup Pundi X to allow its users to obtain crypto transactions using smartphones. Then, on November 8, Swiss crypto broker Bitcoin Suisse partnered with European payment and transaction services company Worldline, intending to enable 85,000 Swiss merchants to receive payments in significant cryptocurrency Bitcoin (BTC). Also, earlier this year Thailand-based Satang App encouraged more than 50 million customers to earn privacy-focused Zcoin cryptocurrency via the Thai QR code system.

Source : Cointelegraph, Forum cardano.

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