Cardano [ada] makes impressive profits despite volatility and reveals the new payment service Hydra Pay

Cardano [ada] makes impressive profits despite volatility and reveals the new payment service Hydra Pay

Cardano's new payment service Hydra Pay has the potential to revolutionize web3 microphobia. The service should be integrated into all cardano wallets in the network and enable almost immediate processing. Users can enjoy cheap and faster payments between the wallets. However, the senders must first block funds in a smart contract in order to be able to carry out a transaction. After submitting proof of payment, the money can be redeemed by the recipient.
Hydra Pay also has the potential to revolutionize micro payments in the web3 area, even though Cardano has not made an official announcement. However, a teaser on social media has awakened a lot of anticipation, and fans and industry observers are watching progress.

Despite the price volatility, the Cardano token (ADA) has recorded impressive growth of 11 % since the beginning of the market rally last month. Thanks to the recent rally, the market mood of ADA has improved drastically after the token was previously affected by the classification as securities by the US stock exchange supervision SEC. The number of addresses with 1,000 to 10 million ADA tokens has increased, which indicates that whales are convinced of the long-term prospects of the tokens.

The development activity on Cardano remained stable in 2023, which indicates that the developers continuously work on new functions and improvements. However, the activity has decreased last month, which gave rise to concern.
It remains to be seen how Cardano and the new Hydra Pay payment service will develop. The Cardano community and industry observers are excited to further announcements and progress that have the potential to influence the cryptocurrency market.