Australian dev aims to bring Cardano payments to Shopify stores

Published at: Oct. 1, 2020

An Australian developer has almost completed work on a Cardano () app that will allow all Shopify stores to transact in ADA tokens and other tokens that run on the Cardano network. The project is being developed voluntarily by Jeronimo Backes who wants to help bring utility to the blockchain.

The independent developer told Cointelegraph that he chose Cardano not only because he is already invested in the network, both financially and emotionally, but because he sees it as the most enterprise-ready blockchain that can scale appropriately, adding:

“Unlike others, this one is the one I think is being built to last. It’s not like Ethereum, EOS, Tron, and others who are still in a proof-of-concept phase in relation to large-scale business use-cases.”

Its is open-sourced to encourage developer contributions and enable full customization and will enable stores to receive payments in ADA without the need of an intermediary.

Any store owners that wish to use the app will simply need to select it from the range of payment applications available to them, Backes stated. Once installed, users will be sending funds directly to the store’s private wallets. No one else will see the payments, he said.

like Bitcoin (), Ether (), Bitcoin Cash (), Litecoin (), and Dash (), however the transactions are still facilitated by intermediaries such as Coinbase Commerce, BitPay, GoCoin and CoinPayments.

Last month, Backes hit a problem with Cardano’s BIP 44 protocol, resulting in having to develop a brand new wallet from scratch, pushing development back at least two months. “Essentially,” Backes explained, “The problem lies with addresses requiring a small amount of ‘dust’ in order to be seen as active by the network.” This problem could be classed as critical since, if not resolved, it will result in stores not seeing certain transactions entirely.

The new wallet will eventually support plugins, adding extra functionality such as automatically calculating and separating taxes from the main pool of funds held in it. 

In light of having to develop his own wallet, the Cardano and Shopify integration will hopefully be released by the end of the year.

Backes has submitted a proposal to Cardano’s Project Catalyst, which could receive a portion of the $200,000 Treasury fund marked for the winning proposals.

Tags
Related Posts
OKex embraces Brazil’s official fast payments system PIX, as CBDC draws nearer
Increasing numbers of offshore cryptocurrency exchanges are embracing Brazil’s instant payments infrastructure, PIX. On May 28, OKEx announced a strategic partnership with local payments firm CuboPay, allowing it to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. The news follows similar moves from rival exchanges, including Crypto.com peer-to-peer platform Localbitcoins. The integrations come as the Central Bank of Brazil, or BCB, published preliminary guidelines for a central bank digital currency, or CBDC, on May 25. The announcement emphasizes that the CBDC will operate “as an extension of the physical currency,” and is intended to improve the retail …
Technology / May 28, 2021
Waiting for Alonzo: Cardano smart contracts creep toward full launch
The Cardano network is in the watershed phase of its network development and upgrades. The ongoing phase of the protocol’s roadmap is the Goguen phase, bringing smart contracts to the network. This is the third phase of the roadmap after Byron and Shelley. The Goguen phase was split into three stages, Allegra, Mary and Alonzo. The Allegra update went live on December 16 last year, and the Mary update was deployed on the mainnet on March 1 earlier this year. This leaves the Alonzo upgrade, which was further split into three different phases, named Blue, White and Purple. While the …
Technology / July 28, 2021
Wolfram Alpha teams up with Cardano to build 'avant-garde oracles'
Wolfram Alpha, a major computational knowledge engine providing technology for major services such as Apple’s Siri assistant, is integrating data from the Cardano blockchain. According to a Thursday announcement, Wolfram Blockchain Labs, or WBL — a subsidiary of Wolfram Research — has partnered with Charles Hoskinson-founded tech company IOHK. As part of the partnership, WBL will integrate Cardano’s blockchain data into Wolfram Alpha, allowing developers to integrate external data into Cardano’s smart contracts. The new partnership will specifically address work on the so-called “avant-garde oracles,” which the companies believe are a necessary component to build advanced smart contracts. According to …
Technology / Dec. 17, 2020
The Cardano Foundation’s new CEO says he will prioritize the platform’s longevity
Cardano recently celebrated the third anniversary of its Mainnet launch. In the run-up to this occasion, Cointelegraph had the opportunity to discuss the project's future plans with the Cardano Foundation’s incoming CEO, Frederik Gregaard. Gregaard, who has not yet officially assumed the post of CEO, assured us that he would take on this new role sometime before Nov. 1, though he did not yet know the exact date. Currently, he is finishing his tenure at PwC, where he heads digital financial services for the multinational network. Gregaard believes that there is a natural sense of prejudice against open-source public blockchains, …
Adoption / Sept. 29, 2020
Bank of Thailand Progresses With Digital Baht Tests Before Public Launch
Thailand’s central bank has reportedly entered a new phase in the development of its central bank digital currency, or CBDC. The Bank of Thailand, or BOT, has reportedly deployed its CBDC, and has been using the digital currency for financial transactions with some large businesses, local English-language newspaper The Nation reports July 16. Thailand to roll out CBDC testing with the Hong Kong’s central bank in September The bank has entered the third phase in development of the digital baht and plans to expand to more businesses, BOT assistant governor, Vachira Arromdee, reportedly announced on Wednesday. According to the report, …
Technology / July 16, 2020