The Cardano leader is on the Twitter record for confirming he’d love to see ADA tokens be accepted by the crypto payment platform
Cardano (ADA) founder Charles Hoskinson is as passionate about identifying use cases and creating mass adoption for his cryptocurrency as anyone in the space. Accordingly, when he sees potential fits for his token he isn’t shy about advocating for them. The most recent to capture attention is crypto payment service provider Bitpay.
Bitpay currently allows customers to issue payments with one of seven cryptos (including Bitcoin, Ethereum, SHIB and DOGE) and five stablecoins. The platform processes more than 65,000 transactions per month, with the majority dealing in Bitcoin. They generated in excess of $2.64 million in revenue last year but have seen their profile expanding as crypto continues finding a wider audience.
Something Bitpay likes to do is find out what their customers want to see moving forward. This includes asking them which cryptos are on their wish list to be supported by the platform. A tweet from their main account on November 11th asked people to select their top choice for the next crypto to be added to their stable. Shiba Inu (SHIB) was already selected and implemented but voting is still open and Hoskinson put in his two cents that Cardano should be considered:
Hoskinson is anything but a pumper. He seems to want people to find Cardano, not for the sake of driving up price but for finding its utility and applying it as many ways possible to real world solutions. Perhaps one more use will be as a payment option for e-commerce. Only time will tell if Bitpay decides to bring it on board.
At the time of publishing, Cardano was trading at $1.34 per token.
DISCLAIMER: The author is not a financial advisor or expert. The opinions expressed in this article are intended for general educational purposes and entertainment only. They are not intended in any way to provide specific advice or recommendations for any individual or on any specific security or investment product. Individual investors are responsible for their own money and investment decisions. Remember, there is no guarantee that stocks or cryptocurrency will fulfill the analysts’ projections or increase in value. Please always do your own due diligence and if you invest, do so with proper caution. The author holds a small position in Cardano and SHIB at the time of publishing.
IF YOU ARE LOOKING FOR A STOCK AND CRYPTO (Including Cardano) TRADING PLATFORM, SIGN UP FOR WEBULL: You will receive free stock(s) worth up to thousands of dollars from signing up through this referral link by the deadline of their current promotional offer (Review their site for most current promotions) and making a minimum deposit. I joined Webull and love it. I will also get a free stock if you sign up.
If you’re interested in investing in just cryptocurrency, Coinbase is offering $10 in free Bitcoin each to new account holders and their referrers when they buy or sell their first $100 of Bitcoin on their platform by using this referral link! They also offer ongoing free crypto rewards for Coinbase users who maintain an active balance.
If you have enjoyed reading this article, don’t already have a subscription, and would like unlimited access to more of my content and that of other creators covering a wide variety of topics, please consider a Medium membership. Plans are available at just $5 per month or $50 for a full year. Your continued support is truly appreciated. Please click THIS LINK for more information about how to sign up for your membership today. Thank you!
