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Cardano News Today – Cardano Will Receive $340 Million Funding for Cryptocurrency Credit Card in Europe – July 22nd, 2020

  • Cardano Announces Additional $340 Million Funding For its Cryptocurrency Credit Card Project in Europe 
  • Cardano ADA Finds Stability Around the $0.1220 Level 

Cardano News Today – A while ago, the Cardano foundation got a contract to design a cryptocurrency credit card based on the Cardano blockchain. They received money for the first part of the project right after it was approved. This week, they received another $340 million funding for the first launch of this cryptocurrency credit card. The launch is expected to take place before the end of the year. Cardano didn’t disclose the identity of the investor but we are sure that it must be an entity that has an interest in decentralized ledger technology. If the project is successful, Cardano will be the first blockchain-based company to produce a cryptocurrency credit card.

Cardano News Today – Cardano’s Cryptocurrency Credit Card Will Be a Game Changer in the Industry

Cardano, just like other blockchain networks, was created to change the way industries work. While the use cases of Cardano in the real world are limitless, one of its most obvious use cases can be found in the financial services sector. The native token of the Cardano blockchain, ADA, can be used as a payment medium just like XRP and other cryptocurrencies. The decentralized nation of cryptocurrencies, by nature, makes them much better than fiat money. By creating cryptocurrency credit cards, Cardano would be taking things to a whole new level.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardanoCardano $0.121

If the Cardano credit card is created successfully this year, it would just make the blockchain more popular. Cardano is already making waves across the cryptocurrency and blockchain industry. Since the beginning of the year, Cardano has been the most popular name in the blockchain and cryptocurrency market. Thanks to the Shelley Mainnet launch, the blockchain has made significant progress.

Everyone wants to have a piece of the Cardano ADA token because they believe that Cardano is the future of cryptocurrencies. This is why the token has increased by more than 270% year to date. However, the token has found stability above the $0.1200 level. It is currently trading at $0.122307. It is down by 0.73% against the USD and down by 0.66% against the price of Bitcoin BTC. The trading volume over a 24 hour period is $160,565,808 and the market capitalization is $3,171,073,653. The token has been stuck in this $0.1220 level for over a week and it seems like it is going to remain in this level near-term. The next few days of trading will determine if the price will maintain its hold at the current price levels.

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