One of the most common critiques that digital tokens face is that they are being manipulated in the markets like security. Rather than offering the holders real money like utility, they are used as a store of value. However, when a cryptocurrency gains better exposure in the market, its value is appreciated considerably. The Cardano blockchain has just accomplished such a feat.
NowPayments is a cryptocurrency payment gateway facilitator for eCommerce websites. The platform has recently joined hands with Cardano. This means that many eCommerce website developers would be able to accept ADA as payment for their products or services. The crypto payment service offers several plugins that work with different styles of businesses, and any website owner who wishes to accept ADA as a mode of payment can install it.
ADA Moving towards Better and Bigger Goals
Cardano blockchain has been going all out on making sure that its users can get a better service experience by all means. The third-generation blockchain has kept introducing new upgrades, and there are many new partnerships that the cryptocurrency is signing up for. It seems like the ultimate goal of the Cardano creator Charles Hoskinson is to become the first crypto blockchain enterprise to be publically listed.
For now, ADA is trending at $1.11. The cryptocurrency has a long road ahead, but it is showing great potential. Jeremy Firster, Cardano project manager, welcomed the new partnership between two tech-savvy enterprises. He also said that these technologically well-planned partnerships with NowPayments would help the investors increase the rapidly growing Cardano ecosystem.
Many Websites have already Started to Catch the Cardano Fever
Nowpayments offers about eight different payment plugins that eCommerce websites could use to accept ADA and other altcoins. The list includes WooCommerce, PrestaShop, Magento 2, WHMCS, OpenCart, Ecwid, Zen Cart, and also Shopify. The website owners like OverlandtheAmericas have already announced that they have installed the plugin.
It seems like the ADA holders would be able to purchase digital products, services, rental agreements, and travel services. This plugin is introduced at a great time when the crypto market is going through a depression due to the possible tax reforms. Kate Lifshits, the marketing manager, at NowPayments posted a thread on the Reddit platform asking people about the use case suggestions for the ADA token.