E-Commerce Integration Project to Enable Cardano (ADA) Payments
An e-commerce integration project that would be sponsored by SHOP stake pool is going to be rolled out on the Cardano (ADA) blockchain. The project is expected to enable clients and online stores to carry out purchases without commission...
An e-commerce integration project that would be sponsored by SHOP stake pool is going to be rolled out on the Cardano (ADA) blockchain.
The project is expected to enable clients and online stores to carry out purchases without commission or transaction fees and to further bond the Cardano integrations with e-commerce stores.
Also, the proposed project will introduce regular payment with Cardano native token ADA, and other tokens that are been hosted on the Cardano blockchain.
As contained in a release, the e-commerce integration will officially launch an app identified as Shopify and had set a target of reaching 500,000 online stores all over the world, after which it would be extended to another e-commerce interface like Magento.
The project development team in a bid to generate fund delegated a SHOP pool on the Cardano ecosystem, which has generated about 580,000 ADA pledges at press time, funds realized from this pool will be used in financing the proposed project which has been scheduled to kick start shortly after the SHOP pool on the Cardano mainnet begin to generate funds.
Cardano Remained Focused about Decentralization
In another development, Cardano founder Charles Hoskinson in a YouTube video declared that all specifications and codes belonging to the Cardano Network will be moved into the ADA community, this initiative is directed towards appreciating the community’s efforts and decentralizing the protocol.
In the same vein, the team behind the Cardano blockchain development, Input Output Hong Kong (IOHK), has in a series of tweets explained that it has launched the first phase of its ADA catalyst development program tagged ‘Fund1.’
Fund1 according to IOHK represents a stepping stone to full decentralization of the Cardano network.
The program is structured toward introducing better governance on the ADA protocol and to further equip the Cardano community with the right tools to govern its treasury.
Nonetheless, the IOHK team after completing the governance project will get set to handover the ADA network back to the community in 2021.
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