Hot Topics
Coin Gecko

Advertisement

South Korean Cardano Investors Can Now Buy ADA Debit Cards

 
South Korean Cardano Investors Can Now Buy ADA Debit Cards
Breaking News / Cardano

Those who have invested in Cardano and live in South Korea are now free to purchase prepaid ADA debit cards for a limited time only which will run up until the 4th December.

This is made possible with the cards through a partnership with one of the leading South Korean mobile payment platforms Metaps Plus. With a rough translation of the announcement page, we can see that the cards come in two nominal pre-loaded amounts of 100 and 1,000 ADA.

Crypto Debit Cards

The rollout of cryptocurrency based payment cards seems to be more and more common. The idea of a cryptocurrency payment card is that it allows holders to spend their cryptocurrency in brick and mortar stores - in real life. It’s a form of cryptocurrency adoption that has been designed to make the use of cryptocurrency more ‘normal’. People already use FIAT debit cards, so the obvious next step forward for crypto is to explore this branch too.

As reported by SludgeFeed, in May last year, we saw Cardano team up with Metaps Plus in order to implement ADA into the mobile payments platform, bringing the digital asset to more than 40,000 stores that currently accept payments form the Metaps Plus network.

ADA is trading down around 2.77 percent over the past 24 hours $0.03  which gives the token an $898 million in market capitalisation and also makes it the tenth biggest cryptocurrency in the space.

It’s worth noting that we are not financial advisors and this is not financial advice. Investing in cryptocurrency is very risky, so only invest based on your own research and invest with money you can afford to lose, always remember to trade safe!

What are your thoughts? Will this impact you as a Cardano investor? Let us know what you think down below in the comments!

You can share this post!