E-commerce Platforms Can Now Receive Cardano Payments Using the ADA Pay Solution

With the newly introduced ADA Pay plug-ins, over 7 million startups and large enterprises can now accept Cardano (ADA) as a payment method with instant settlement.

ADA Pay Plugins are Now Available For Odoo

Crypto firm COTI recently rolled out the Project Catalyst challenge where different competitors were tasked to develop an ADA Pay plug-in solution fit to be integrated into various e-commerce platforms.

Particularly, the goal of the Project Catalyst initiative was to develop and deliver an application for the On-Demand Open Object (Odoo) platform.

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More so, this application was to be built such that it functions as a payment gateway that accepts Cardano (ADA) using the ADA Pay API.

To note, Odoo is an open-source solution for business applications that have achieved an adoption rate of over 7 million merchants.

As announced by COTI on June 11, Rodolfo Miranda, one of the winners of Catalyst fund 7, completed an ADA Pay plug-in on Odoo for mid-size businesses.

Interestingly, this novel ADA Pay gateway solution for businesses, built on the Cardano blockchain, enables startups and big enterprises to accept ADA as a payment method with instant settlement.

Therefore, merchants who own e-Commerce shops and wish to receive ADA as a payment method, can now easily add the plug-in, COTI tweeted.

Big Plus For Cardano

This invention is a massive addition to the Cardano blockchain and a win for the entire community. It is believed that the ADA Pay payment solution will foster the adoption of Cardano (ADA) by the masses as a payment tool.

Additionally, there has been a massive accumulation of ADA tokens by Cardano shark addresses while the whales have stopped dumping the tokens. According to on-chain data from Santiment, addresses holding between 10,000 to 100,000 ADA collectively added about 80 million ADA to their holdings in a one-month interval.

This huge accumulation could be signaling investors’ bullish expectations on the upcoming Vasil upgrade on Cardano mainnet.

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Ndianabasi Tom

Ndianabasi Tom joined the crypto and blockchain industry in late 2018. He is an all-rounded crypto journalist and content writer. At TimesTabloid, he covers the industry's latest news, developments, and other educational content. He is a graduate of Petroleum Engineering.