Cardano (ADA) have come up with a unique selling point of a prepaid ADA debit card for people in South Korea. These prepaid ADA debit cards will be sold for a week from November 27th to December 4th.
A tie up with Metaps Plus which is a South Korean mobile payment platform had made a pre-loaded debit cards a reality. The cards will have two amounts loaded in them, which are 100 and 1,000 ADA. Even though the amount stored of these cards its not high enough, there are a lot of people interested in those as the pre-booking is done.
Their integration was supposed to be live in November and according to Emurgo – its live.
Technical integration of ADA on Metaps+ platform is finished! It was a lot of hard work from folks at EMURGO & Metaps on technicality and coordinating regulations. We're very excited to have this come online. More news soon!🎉#Cardano #EMURGO $ADA #ADAmetapscard @seungyeonkim
— EMURGO/Cardano venture builder/ADA (@emurgo_io) November 27, 2018
This is a partnership that could push Cardano(ADA) as a payment option to more than 40,000 stores and could heavily increase the adoption.
Cardano is the 10th best Cryptocurrency according to CoinMarketCap. At the time of writing, ADA has a market cap of $897,694,512 with a price of $0.034624.
Cardano’s step into a pre-loaded debit card is a push into mass adoption, as it will allow a regular user to spend ADA at their favorite stores easily. Many people around the world find Cryptocurrencies new and not easy to understand and thus a prepaid card brings in traditional financial methods which help them adopt ADA.
With the low minimum value of the cards, South Koreans will want to own them as a collector’s item given Cryptocurrency’s emergence in society. Or, some of them will use those to give it someone as a gift.
Moreover, the partnership with Metaps+ will offer Cardano (ADA) a lot of exposure on the South Korean market, one of the most crypto-friendly countries in the world.
Image Source – Flickr
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