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11/24/2022

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Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek

The post Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek appeared on BitcoinEthereumNews.com. Vladislav Sopov Cardano’s upcoming over-collateralized stablecoin to boost cryptocurrency adoption in retail Contents DjedPay sneak peek published on Twitter Unique overcollateralized stablecoin on Cardano:...

Cardano Stablecoin Djed to Supercharge Own Payment System: Sneak Peek

Vladislav Sopov

Cardano’s upcoming over-collateralized stablecoin to boost cryptocurrency adoption in retail

Cardano’s hotly anticipated stablecoin Djed (DJED) might get its own payments system for retail usage, e-commerce and donations in crypto, and here’s how.

DjedPay sneak peek published on Twitter

Today, on Nov. 23, 2022, a first-ever preview of the mobile interface of DjedPay solution was unveiled on Djed’s Twitter account.

Here’s a sneak peek of $Djed Pay 😍 pic.twitter.com/pzLNRi6jWU

— Djed Stablecoin (@DjedStablecoin) November 22, 2022

As per the screenshot available, the upcoming project will allow its customers to send transfers in DJED, Cardano’s USD-pegged stablecoin, in a couple of clicks. To authorize the transaction, the user should just save his/her email address and  name.

Thus, sending crypto through DjedPay will be intuitive even for crypto newbies as the interface looks similar to the dashboards of Web2 neo-banks.

On the screenshot, the logo of the charity foundation is displayed. As such, the Djed team might have hinted at its possible usage in nonprofit programs and initiatives.

Unique overcollateralized stablecoin on Cardano: What is Djed?

Meanwhile, Input Output Global and COTI Network, two organizations overseeing the progress of Djed stablecoin, remain silent on DjedPay’s actual roadmap.

As covered by U.Today previously, at the recent Cardano Summit, CEO of COTI Network Shahaf Bar-Geffen unveiled the updated “final” date of Djed’s mainnet release.

Per his statement, the stablecoin will go live in mainnet in January 2023. By press time, over 40 dApps have already integrated it as a promising payment instrument.

Djed will be backed by ADA liquidity and will leverage SHEN token as its reserve cryptocurrency.

Source: https://u.today/cardano-stablecoin-djed-to-supercharge-own-payment-system-sneak-peek

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