The adoption of cryptocurrency across the world is on the increase and Cardano (ADA), the 5th largest digital currency by market capitalization, is not lagging behind in this regard.
According to a trending post shared on r/Cardano by a user identified as ZizouCoin, a local food stall in Kingston, London has started accepting Cardano (ADA) as a means of payment.
The user added that Bitcoin (BTC) and Ethereum (ETH) have been on the list of the food stall for quite a long time, but recently decided to add ADA to its payment options.
The Cardano enthusiast captioned the image of the local food stall as proof that ADA has indeed joined the two largest cryptocurrencies, BTC and ETH, on the list.
ZizouCoin wrote, “My favourite local food stall in Kingston, London now takes ADA! They’ve taken ETH and BTC for a while but have expanded to a logical currency.”
What Could Be the Reason For The Inclusion, Could It Be an Increase in Demand for ADA?
Anytime a coin is added by crypto-related firms such as exchanges, they always cite an increase in the demand as one of their reasons. This could also be the case for this local food stall that has been accepting Bitcoin (BTC) and Ethereum (ETH) for quite a long time before considering the inclusion of Cardano (ADA).
The same increase in demand for ADA was one of the factors that made Coinbase, the largest US-based crypto exchange, fulfill the top wish of Cardano traders and investors.
Before the exchange officially added Cardano (ADA) to coinbase.com, it was first added to Conbase Pro as a trial for about two days, followed by the major announcement on 19th March 2021 after meeting the exchange’s liquidity conditions
There could more listings of such in the future, as the crypto project advances into becoming an ideal smart contract platform.
Meanwhile, the price of ADA has been showcasing a sideways trend over the past couple of days. However, the cryptocurrency is likely in the state of accumulation for the next positive trend. At the time of filing this report, Cardano (ADA) is trading at $1.21, with a 1.67% price upsurge in the last 24 hours.