Cardano: LimeWire Drives ADA Adoption
Cardano’s ADA is now been accepted in LimeWire, as a payment option for its ongoing token sale. The decision to integrate ADA came after LimeWire asked whether they should include the token in their payment...
Cardano’s ADA is now been accepted in LimeWire, as a payment option for its ongoing token sale. The decision to integrate ADA came after LimeWire asked whether they should include the token in their payment module in a tweet.
As a result of the post’s 2,700 plus likes and 1,500 retweets, the music platform declared that ADA would soon go live on the site.
LimeWire first gained popularity in the early 2000s, post-Napster and before streaming, as a music piracy-focused competitor to the iTunes Store. It offered users the ability to download audio files, much like BitTorrent.
The service was discontinued in 2010 as a result of a federal injunction, and the firm that operated it reached an out-of-court settlement with major record labels for the sum of $105 million.
Acquired last year by a pair of Austrian brothers, Paul and Julian Zehetmayr, the defunct music platform pivoted to crypto.
In March, LimeWire declared its return as a marketplace for non-fungible tokens (NFTs), abandoning its previous role as a file-sharing platform.
Meanwhile, Cardano’s adoption received a shot in the arm when Binance Pay and CoinGate announced a partnership that is touted to take the global acceptance of cryptocurrencies to the next level.
Most CoinGate-powered retailers would accept crypto payments from Binance Pay customers, and CoinGate retailers could choose to accept Binance Pay payments at checkout and would do so by default.
Most importantly, ADA will have access to more than 200 stores in 70 countries as payment options thanks to this collaboration.
CardanoExpands Its Footprint In Thailand
In yet another development that will open up new use cases for ADA and encourage greater adoption of the layer 1 ecosystem, Cardano’s commercialization arm Emurgo teamed up with Bitkub exchange, the biggest crypto exchange in Thailand, and its digital asset teaching center, Bitkub Academy.
The partnership intends to increase the penetration of Web3 and the Cardano ecosystem in Thailand through community building and educational initiatives.
Additionally, the Emurgo-Bitkub partnership will also explore potential use cases for Cardano initiatives, including stablecoins.
For those new, Emurgo is a founding entity of the Cardano protocol and develops products, services, and applications to bolster the blockchain’s growth.
Not long ago, Cardano emerged as one of the best-developed crypto assets. As reported, the ADA blockchain had an impressive three-year performance and prominent GitHub commits over the previous month.
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