Metaps+ is a Seoul based mobile fintech subsidiary of EMURGO and Metaps, which is the commercial development arm of a leading third-generation blockchain ecosystem, Cardano. Meta Plus announced that the company is done with the technical integration of Cardano native asset ADA on the Metaps+ platform and launch of the world’s first cryptocurrency card depending on the Cardano token.
The card helps users to spend their Cardano token at over 30,000 offline merchants in South Korea including popular convenience stores like GS25 and Emart24. Users of the card will have the option to select a mobile gift card or a physical gift card which works effortlessly with mobile application recharge capabilities.
Metaps+ had got over 200 pre-orders for the physical card that is accessible in denominations of 100 Cardano Tokens and 1,000 ADA units for use at the broad selection of traders in South Korea. The Cardano users can log onto Metaps+ crypto card website and go through the Know Your Customer process to buy the ADA card at the fixed rate offered to users from the Upxide.com exchange to use it in the QR code format.
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.”
EMURGO’s CEO, Ken Kodama said –
“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 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. I hope to see this develop into the widespread adoption of this new method of payment.”