In a bid to boost the commercial adoption of ADA digital token, the Cardano Foundation, in tandem with enterprise-grade cross-chain interoperability platform COTI, is primed to develop an ADA payment processing platform that would enable merchants to make transactions in the altcoin.
Per sources close to the matter, COTI has been assigned the responsibility to develop and implement the merchant-grade payment processing service. The proposed payment gateway will be integrated directly into the merchant’s website either with an adaPay button or a QR-based Point of Sale (PoS) system, the announcement reads.
Commenting on the development, Shahaf Bar-Geffen, CEO of COTI, said:
“We are pleased to team up with the Cardano Foundation in building a unique payment solution for merchants seeking adaPay checkout functionality. We have a lot of mutual trust and support between the Cardano ecosystem partners and COTI. This joint effort is one of the first steps we are taking in delivering a truly universal payment solution and expanding the COTI tech stack beyond our own ecosystem. The ways people exchange value is changing for the better, and the future is looking more promising for payments.” Read More...