Emurgo, an investment focused organization, has announced that Metaps Plus, a leading mobile advertising and payment platform in Korea, will accept Cardano (Ada) token on its platform. Metaps+ is part of Metaps Group listed on the Tokyo Stock Exchange (TSE: 6172). It is the first Asian cryptocurrency to be integrated into the mobile payment platform.
Metaps Plus’s mobile marketing and mobile payment platform, with more than 1 billion downloads, processes more than 10 million mobile to offline transactions per year across 40,000 offline stores. The strategic partnership paves way for Ada tokens to be used in over 33,000 offline stores.
Commenting on the partnership, Ken Kodama, CEO of EMURGO said
“Our partnership with Metaps plus will allow Ada to expand more rapidly and be recognized eventually as a new way for payment settlement in the Korean market. I am very excited to be able to open a new era together through this platform.”
Charles Hoskinson, CEO of IOHK, commented
“It is great that Ada will be able to be used for everyday purchases in South Korea, a country where there is a passionate Cardano and cryptocurrency community. I hope that this development will encourage the adoption of cryptocurrency even further.”
Michael Parsons, Chairman of Cardano Foundation, opined
“The adoption of Cardano’s Ada cryptocurrency token by Metaps Plus means immediate digital payments or settlements, with little to no fraud, can soon take place in Korea, a country that has a pioneering history of innovation and early adoption of new technologies.”
Comment from Seungyeon Kim, CEO of Metaps Plus
“I am very excited to partner with EMURGO integrating Ada coin into Korea’s one of the biggest mobile payment platforms. We are simply focused on delivering incremental sales and value to our offline and platform partners along with Ada coin owners.”
About Metaps Plus
Metaps Plus is a full stack fintech company delivering 1 billion mobile app download and delivering 10 million mobile-to offline transaction per year on mobile. Metaps Plus is the 1st company in Korea to go ICO with Korea based entity in June 2016. Metaps Plus is focused on connecting cryptocurrency into everyday use with existing platform and mobile infrastructure layer.
EMURGO was founded in 2017 and is a registered company in Japan. EMURGO develops, supports, and incubates commercial ventures and helps integrate these businesses into Cardano’s decentralized blockchain ecosystem. EMURGO is investment focused and invests in two ways: through direct investment into start-up ventures; and by developing commercial partners who want to use blockchain technology to revolutionize their industries.