Metaps Plus, a Seoul based mobile fintech subsidiary of Metaps and EMURGO, the commercial development arm of Cardano, a leading third-generation blockchain ecosystem, announced they have finished technical integration of Cardano native asset ADA on the Metaps Plus platform and launch of the world’s first cryptocurrency card based on the Cardano (ADA) token.
The card enables users to spend their ADA at over 30,000 offline merchants in South Korea including well-known convenience stores such as GS25 and Emart24. Users have the option of selecting a mobile gift card or a physical gift card that works easily with mobile app recharge capabilities.
“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”
Metaps Plus had received over 200 pre-orders for the physical card which is available in denominations of 100 ADA and 1,000 ADA units for use at a wide selection of merchants in South Korea. Users can log onto Metaps+ crypto card website and go through the KYC process to buy the ADA card at the fixed rate offered to users from Upxide.com exchange and use it in QR code format.
“I am extremely pleased that the ADA cryptocurrency integration with Metaps Plus is now completed. This means people will be able to make purchases via a mobile app, but there is even more than that. 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. “