Cardano (ADA) is the latest cryptocurrency to be added on payment platform Crypto.com.
The announcement was made today on Crypto.com website in which the payment platform revealed that users can buy and sell ADA on its platform.
It had been anticipated that ADA would be listed on the platform in recent weeks due to its growing popularity .
The listing of ADA by Crypto.com is a good development as it exposes the coin to potential users. Crypto.com is one of the most popular crypto payment used by over thousands of merchants and businesses.
With this, listing,Cardano (ADA) can be purchased directly from crypto platform with little transaction fees.
The coin would also be accepted as a means of payment by merchants and businesses which could lead to increase in daily trade volume.
In the long-run an increase in daily trade volume would correlate with an increase in market value for ADA.
Crypto.com also offers users a unique MCO Visa Card and the payment platform revealed that Cardano will be added to the list of supported cryptocurrencies.
This means that users can easily convert their ADA tokens to fiat currency.
Cardano is a unique cryptocurrency that uses research backed protocols to provide blockchain solutions.
Led by Charles Hoskinson, its native token ADA has become very valuable since its launch in 2017.
The digital token is also the first crypto project to integrate third generation decentralised blockchain networks. This makes it one of the most technical blockchain project in the market.
Cardano is currently working to release it’s “Shelley” mainnet which when launched would elevate the platform.
Shelley would enable advanced features that would make Smart contracts scalable, flexible and easy to develop.