There have been some remarkable developments in the Cardano (ADA) ecosystem. To keep followers informed, Altcoin Buzz takes a look at essential Cardano updates.
Over the past week, Cardano (ADA) attained a key achievement with the Lykke Wallet listing. Also, Cardano announced a partnership with AID: Tech. Let’s take an in-depth look at these Cardano updates.
1 – ADA Listing on Lykke Wallet for Trading with Zero Fees
Lykke Corp is a Swiss-based fintech company running the Lykke Wallet cryptocurrency exchange without fees. They recently announced the listing of Cardano’s native cryptocurrency, ADA.
According to the announcement, the listing makes it possible to buy ADA without paying fees. This new development was announced following the Cardano Blockchain Summit. This successful event gathered people worldwide on September 25-26th, 2021.
— Lykke (@lykke) September 28, 2021
Also, Lykke Wallet makes it possible to buy and sell cryptocurrency, such as ADA, with low spreads. That means that retail, API traders, or investors can take advantage of these features.
According to Richard Olsen, the CEO of Lykke, “the ADA listing is a major milestone for our community that now can trade ADA for free. We are inspired by Cardano’s commitment to scientific rigor and excellence. The listing sets the foundation for a deeper partnership that can serve the bigger community to unlock the full potential of blockchain and smart contracts to democratize finance.”
Frederik Gregaard, CEO of the Cardano Foundation, also speaks in the new development, “this listing on Lykke, which will allow its user base to access ADA for the first time, marks another significant milestone in the development of Cardano. Capital bridges and the entry of traditional market makers into the crypto space allow users to leverage liquidity and move seamlessly between fiat and crypto ecosystems. It also serves to both empower our nascent ecosystem and enrich the wider blockchain space.”
2 – Cardano and AID: Tech Partnership
AID: Tech is a technology company leveraging blockchain and cryptocurrencies for Web 3.0. Their vision is to provide digital ID solutions using the most secure technology available.
Therefore, Cardano has partnered with AID: Tech to help develop verifiable credentials for trusted identity management and ownership. This will enable customers and consumers to quickly finance and insurance operations.
Happy to announce our partnership with @aidtechnology to help develop verifiable credentials for trusted identity management & ownership, enabling customers & consumers to quickly process payments and disbursements.
More 👇https://t.co/YFoQ95tpyi pic.twitter.com/VZkxjqHSGO
— Cardano Foundation (@CardanoStiftung) September 26, 2021
3 – Cardano Integrates Chainlink Price Feeds
According to reports, the Chainlink price will be integrated into the Cardano Blockchain. This will enable Cardano developers to build a variety of dApps powered by secure oracles.
This integration will allow sports data to integrate into prediction markets. Also, weather data will integrate parametric insurance products. Another use case is the verifiable randomness for gaming and digital collectibles such as non-fungible tokens (NFTs).
Through a strategic collaboration between Chainlink Labs and @InputOutputHK, #Chainlink Price Feeds are being natively integrated onto the @Cardano blockchain to enable Cardano developers to build a variety of #DeFi applications powered by secure oracles. https://t.co/NVJbi9VPrU
— Chainlink – Official Channel (@chainlink) September 25, 2021
4 – MELD Partners Tingo Network to Launch a Gold-backed Stablecoin
MELD is a decentralized finance banking protocol that allows users to lend/borrow their cryptos and fiat. This protocol lets users stake their $MELD tokens.
A partnership between MELD and Tingo Network will be launch. This alliance will let the creation of a new gold-backed stablecoin on Cardano. Also, it will include Ubuntu Tribe, an ethical cryptocurrency company that tokenizes natural resources.
✅A partnership between #DeFi platform MELD and Tingo Network, Nigeria’s largest mobile network, is going to lead to the launch of a new gold-backed #stablecoin on top of the #Cardano network. pic.twitter.com/cNBJGvHKow
— Dr. Shweta 🦅 (@Dr_shwetaPHD) October 2, 2021
As a result, Tingo’s nine million users will access MELD’s crypto services through their phones.
These were the best Cardano updates in the first week of October 2021.
At the time of publication, the $ADA price was USD 2.23 with a 24-hour trading volume of USD 1,536,182,147. $ADA price also increased by 1.7% in the last 24 hours with a marketcap of USD 71,422,265,546. Besides, it has a circulating supply of 32 billion $ADA coins and a total supply of 45 billion.
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