Cardano (ADA) announces a new partnership with Metaps Plus
Popular altcoin Cardano (ADA) is partnering with South Korean mobile payments platform Metaps Plus.
From now on, Metaps Plus will be accepting Cardano’s ADA as a form of payment, according to the announcement.
Metaps Plus is Asia’s first mobile payments app to integrate cryptocurrency transactions.
The South Korea-based company targets supportive infrastructure for cryptocurrencies to be integrated on numerous platforms or smartphone apps.
The partnership was confirmed by Ken Kodama, the CEO of Cardano’s investment partner, Emurgo.
The move is significant for ADA given its recent rise in the crypto top ten.
The new deal will add stability to the project while legitimizing it further as a digital currency.
Being integrated into a widely used mobile app will undoubtedly broaden Cardano’s reach in South Korea too.
Metaps Plus CEO, Kim Seungyeon, expressed his excitement at the partnership in a statement, saying:
“I am very excited to partner with EMURGO integrating Ada coin into Korea’s one of the biggest mobile payment platforms.
“We are simply focused on delivering incremental sales and value to our offline and platform partners along with Ada coin owners.”
Cardano is rising in the ranks
The move is vital for ADA’s role as a daily-use cryptocurrency.
Cardano’s development partner, Emurgo, is pulling out all the stops to boost ADA’s use in the wider global market.
Emurgo’s CEO added that the new partnership is paving the way for expansion into Asia, saying:
“… [this] partnership with Metaps plus will allow Ada to expand more rapidly and be recognized eventually as a new way for payment settlement in the Korean market.”
The Metaps Plus app has been downloaded 1 billion times, and the deal will inevitably open the leading digital asset up to a massive new user base.
According to the Coin Thud live price charts, ADA is currently trading a $0.32, at the time of press.
Cardano recently took the number six spot from Litecoin in the top ten cryptocurrencies by market cap.
After small gains for Litecoin and a slight pullback for ADA values, however, Cardano dropped back down to a respectable number seven.