Cardano Receives Major Boost, ADA to Be Adopted for Healthcare Payments

UTC by Mayowa Adebajo · 2 min read
Cardano Receives Major Boost, ADA to Be Adopted for Healthcare Payments
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Hoskinson says his new clinic will accept ADA from customers, as a payment method for the medical services they receive.

The rate of adoption of ADA – the native token of the Cardano ecosystem, may have just taken another dimension. This follows after Cardano founder, Charles Hoskinson, recently hinted about the launch of his new clinic, the “Hoskinson Health & Wellness Clinic”.

Per Hoskinson’s announcement, the clinic is not scheduled to go fully operational until February 2023. But when it does, it will accept ADA from customers, as a payment method for the medical services they receive.

The disclosure came in response to a question posted by one of Hoskinson’s Twitter followers. The follower who goes by the username @SnakePlisskeNFT asked about the possibility of paying their medical bills with ADA, and Hoskinson simply responded with a “Yes”.

Interestingly, however, the announcement did not mention anything about other popular crypto assets. That includes the likes of Bitcoin and Ether. So, it remains to be seen whether this is an open invitation for crypto payments in general.

Non-Crypto Businesses Continue to Drive Cardano (ADA) Adoption

Meanwhile, there is no denying the fact that Hoskinsin appears to have a strategy to ensure ADA’s rise to popularity. Especially among non-crypto users. In June last year, the billionaire announced the launch of Nessie’s restaurant and a whiskey lounge in Wheatland, Wyoming. Although at the time of launch, Hoskinson claimed that his reason for launching the restaurant was because the town did not have any good options.

Interestingly, however, both the restaurant and the lounge also accept ADA as a payment option. But while the idea was well received by some customers, others thought that DJED, Cardano’s first decentralized stablecoin, would have been a better option.

ADA Climbs Over 20%

Expectedly, the price of ADA is reacting to the news in a positive way. According to CoinMarketCap data, the token is up 20.06% over the past 24 hours, trading at $0.3311 as of publication.

The trading volume of Cardano, which dipped below the $70 million mark towards the end of last week has also picked up pace. It is now up a whopping 412% to the $827,326,854 mark. The coin’s market cap value also shows a rise of nearly 20%, hitting $11,429,485,939.

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Mayowa Adebajo

Mayowa is a crypto enthusiast/writer whose conversational character is quite evident in his style of writing. He strongly believes in the potential of digital assets and takes every opportunity to reiterate this. He's a reader, a researcher, an astute speaker, and also a budding entrepreneur. Away from crypto however, Mayowa's fancied distractions include soccer or discussing world politics.

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