Saturday, November 28, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    This New Partnership Now Makes Cardano (ADA) Spendable On Amazon, Nike, Airbnb, 1200+ Others

    Must Read

    Ripple Moves to Sell One-Third of Its Stake in MoneyGram for the First Time

    Ripple, the cross-border payment behemoth, is selling one-third of its stake in MoneyGram, following its investment in the money...

    Bitcoin (BTC) Will Be Bigger Than Apple, Amazon, and Facebook –MicroStrategy CEO Michael Saylor

    The chief executive officer of MicroStrategy, Michael Saylor, has highlighted the reason why his company decided to purchase hundreds...

    This New Proposal Suggests How Ethereum Would Transition into PoS without Unnecessary Complexity

    As the much-anticipated upgrade of the Ethereum network to proof-of-stake (PoS) protocol draws near, developer Mikhail Kalinin has published...
    Avatar
    Solomon Odunayo
    Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.




    The commercial arm of Cardano (ADA), Emurgo, has announced a strategic partnership with Bidali, a Canadian payment processor that offers next-generation cryptocurrency payment solutions.

    The new collaboration enables ADA holders to buy items directly from over 1200 major retail brands, including Amazon, Nike, Starbucks, Airbnb, among others, through Bidali’s online gift card platform.

    Partnership with Bidali to Enhance Cardano (ADA) Adoption

    The partnership is expected to enhance the liquidity of Cardano (ADA) as it’s introduced to a wider range of users across the world, which will also directly boost its mass adoption.

    According to the report, via Bidali’s gift card official website, and other partners in the ecosystem such as various wallets and exchanges, ADA holders will be able to purchase name-brand retail gift cards that can be used anywhere in the world with the digital token ADA at an equivalent fiat value.

    This new development comes a few weeks after sealing a partnership with Travala.com, enabling ADA users to book 2 million hotels and homes in thousands of destinations across the world. This shows that Emurgo is beginning to fulfill its objective of driving the global adoption of Cardano (ADA) like never before.

    Bidali aims to address problems initiated by scammers in the process of purchasing gift cards, by leveraging blockchain technology to prevent double-spending in a standard, verifiable, and tamper-proof manner.

    The new partnership is expected to bring mutual benefits between both parties. Cardano (ADA) will experience real-world utility, while Bidali’s platform will welcome more users from the world of cryptocurrency.

    Reacting to the new partnership, the CEO of Emurgo, Ken Kodama, said:

    “EMURGO is delighted to increase the real world utility of Cardano ADA and give ADA holders the option to purchase products from a wide spectrum of some of the world’s most well-known brands. We are happy to support Bidali and platforms adding to the Cardano ecosystem with our resources.”

    The VP of Growth at Bidali, Erik Ashdown, stated as follows:

    “Cardano is a very promising project. As we’ve seen blockchain and other distributed ledger technologies develop, Cardano is third generation technology that is now finally getting us closer to the performance, scalability, and cost effectiveness required to bring the benefits of cryptocurrency to the mainstream and begin to solve some very large global problems. We’re very excited to be applying this towards the gift card space where fraud and lack of traceability are huge problems.”

    Join us on Twitter

    Join us on Telegram

    Join us on Facebook




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Ripple Moves to Sell One-Third of Its Stake in MoneyGram for the First Time

    Ripple, the cross-border payment behemoth, is selling one-third of its stake in MoneyGram, following its investment in the money...

    Bitcoin (BTC) Will Be Bigger Than Apple, Amazon, and Facebook –MicroStrategy CEO Michael Saylor

    The chief executive officer of MicroStrategy, Michael Saylor, has highlighted the reason why his company decided to purchase hundreds of millions of dollars worth...

    This New Proposal Suggests How Ethereum Would Transition into PoS without Unnecessary Complexity

    As the much-anticipated upgrade of the Ethereum network to proof-of-stake (PoS) protocol draws near, developer Mikhail Kalinin has published a new proposal that is...

    CEO of Global Macro Investor Raoul Pal Says He’s Developing an Interest in XRP

    The founder/CEO of Global Macro Investor and Real Vision Group, Raoul Pal, has some hours ago stated that he’s developing an interest in the...

    Ripple Seeks To Hire Chief Economist to Help Manage Its Trove of 54,642,632,616 XRP

    According to the recent job listing, Ripple, the San Francisco-based cross-border payment platform is seeking to hire a chief economist to help devise a...

    More Articles Like This