Fintech platform Metaps Plus has partnered with EMURGO, the commercial arm of Cardano project, to launch the first ADA cryptocurrency card in South Korea.
The card has been made possible following the technical integration of ADA into the Metaps Plus platform.
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Cardholders will be able to avail their ADA at more than 30,000 in-store merchants across the country. They can choose a mobile or physical gift card for easy mobile app recharge.
The physical ADA crypto card comes in 100 and 1,000 denominations. Users will be able to purchase the card from Metaps Plus crypto card website.
Metaps noted that it has received more than 200 pre-orders for the physical ADA crypto card.
Metaps Plus CEO Seungyeon Kim said: “EMURGO was the only partner ready with deep understanding into offline payment integration and strategic focus to provide a practical application for cryptocurrencies. We plan to develop this product further to ensure we have solid use cases for broader offline adoption with Korean online and offline merchants.”
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By GlobalDataEMURGO CEO Ken Kodama said: “Now with the ability to charge ADA onto a crypto card, people in Korea will be able to take their ADA and physically hold it in their hands and use it in their daily life. My hope is to see this develop into the widespread adoption of this new method of payment.”
