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07/13/2022

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Cardano Can Now Be Accepted As Payment At Over 7 Million Businesses — ‘Bringing $ADA To The Masses’ ⋆ ZyCrypto

The post Cardano Can Now Be Accepted As Payment At Over 7 Million Businesses — ‘Bringing $ADA To The Masses’ ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Cardano is expanding, and this recent development in the ecosystem is...

Cardano Can Now Be Accepted As Payment At Over 7 Million Businesses — ‘Bringing $ADA To The Masses’ ⋆ ZyCrypto

Cardano is expanding, and this recent development in the ecosystem is a testament to that fact. Odoo (On-Demand Open Object) – an open-source ERP and CRM software with a userbase of over 7 million businesses – has welcomed a new ADA Pay plugin. This will allow all the businesses utilizing the Odoo suite to accept payments in ADA.

The ADA Pay gateway makes it possible for businesses to accept settlements in ADA

The ADA Pay plugin was developed by Argentinian AI and SSI enthusiast Rodolfo Miranda who was one of the winners of Cardano’s Project Catalyst initiative in partnership with COTI – an enterprise-grade blockchain platform optimized for decentralized payments.

The ADA Pay gateway solution is a software-based payments gateway that when integrated into a business’s platform, allows the business to accept settlements in ADA instantly from clients. Cardano and Catalyst launched the Project Catalyst initiative as a means to incentivize innovation aimed at further developments within the Cardano ecosystem. A $1 billion fund was set apart for the project.

As a part of the project, in March, COTI called on interested development teams to partake in an innovation challenge that would demand that they develop ADA Pay plugins that could be integrated into e-commerce platforms. Out of 16 submissions, 5 teams were chosen and funded.

The Rodo team is the second to produce results. Speaking on the project, Miranda said, “Delivering this project can’t be more streamlined. The ADA Pay API just simplifies the development process. Not only is it well documented, but also the COTI team was prompt to give us support to all of our questions and concerns,” appreciating COTI for the effort put into assisting his team for the actualization of the program.

Cardano’s expansion plans persist despite the Crypto Winter

Sometime in May, the Carl Henry Global team successfully developed an ADA Pay plugin that was integrated on 8 different e-commerce platforms, including WordPress, Joomla, and WooCommerce. 

The initiative is one of the measures Cardano is taking into expansion, and the ecosystem appears to keep going despite the Crypto Winter that has seen a lot of entities within the space tumble or put steps into development on hiatus.

Additionally, Cardano’s Vasil hard fork which is expected to launch on the mainnet this month just recently passed through the testnet successfully. The hard fork is meant to improve the Cardano blockchain’s performance and overall scalability. Much like ‘The Merge’ from Ethereum, the crypto community is anticipating the Vasil upgrade.

Source: https://zycrypto.com/cardano-can-now-be-accepted-as-payment-at-over-7-million-businesses-bringing-ada-to-the-masses/

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