The Cardano Foundation declared about the AdaPay start, an ADA payment system designed for retailers.
The earliest time that the ADA payment system plans were revealed was on October 23. According to the report, the system can be united to the retailer's platform, choosing between a QR-based POS or an AdaPay button.
The solution enables traders to receive ADA payments that have very fast (close-to-instant) settlement in 35 fiat currencies right in their bank accounts. The system is formed by the Cardano Foundation and a fintech platform Coti.
The system uses Coti’s Universal Payment Solution as it aims to permit merchants to maintain the real-time transaction in ADA and to increase the utility case for the token. This tool intends to mix all current support systems of regular payment processors with the added cost of digital assets.