Emurgo, a Japan-based blockchain startup, announced today that Cardano will combine ADA currency with Metaps Plus.
Metaps Plus is one of South Korea’s largest payment platforms with a volume of 10 million phones performing offline transactions in South Korea. This partnership aims to integrate the ADA tokens into more than 40,000 offline stores with more than 10 million offline transactions per year. This partnership will take place in the third quarter of 2018.
“The adoption of Cardano’s Ada cryptocurrency token by Metaps Plus” come to mean “immediate digital payments or settlements, with little to no fraud, can soon take place in Korea, a country that has a pioneering history of innovation and early adoption of new technologies” said, Michael Parsons, Cardano’s manager.
The token offered by Cardano will be used by Metaps Plus business partners in more than 33,000 offline stores and promotions.
CEO of EMURGO, Ken Kodama commented that their 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 acceptance of the ADA by the giants of the South Korean mobile market and payment services will lead to greater adoption.
For the first time in Asia, there will be a process of integrating a crypto money into the mobile payment platform. One of the aims of EMURGO is to unite Cardano’s partners, who want to benefit from the parent companies and the blockchain that they place in the industry.
Charles Hoskinson , CEO of IOHK , said South Korea is a Cardano and crypto money lover. So this partnership points Cardano’s entry into an already popular market.