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As a Nano partner with the leading payment gateway, CoinGate, the level of adoption should increase, since it is now possible to use Nano coins to buy from over 4,000 merchants using payment gateway services.
Coopline integrated nano coin as native cryptocurrency
Intended to provide a payment solution for the world in general, the Nano currency is approaching thanks to the partnership with the main payment platform, CoinGate. The payment gateway announced via a tweet that the integration of the Nano currency as its native cryptocurrency will advance the adoption of the currency.
"$ Nano is now accepted on the @ CoinGate.com payment platform
Direct agreements in EUR and USD, 4,000 registered traders and over 100 countries worldwide. A solid step towards unlocking the full potential of #Nano as pure #cryptomonete! "The tweet read.
Praising the integrity of the Nano project, the payment platform explained that the reason for integration is due to its nature. Nano was created primarily as a payment currency and was developed to overcome scalability and data mining problems through its blockchain protocol.
"Nano is a global cryptocurrency developed purely for the purpose of making peer-to-peer payments.As we like Bitcoin and Litecoin, this cryptocurrency addresses many of the problems facing major cryptocurrencies." Said CoinGate in a blog post.
True to its form, CoinGate has partnered with Litecoin's lightening network to further develop Litecoin as a payment solution, while Nano has decided to improve its network to be compatible with the payments market.
Nano focuses on payments to promote adoption
As previously stated, Nano's main goal is to make a mark as a payment solution for both the crypto and the global traditional financial world. To this end, the currency was built on the Aciclico Diretto chart (DAG) as the main background.
To bring a workable solution to scalability problems, use a block-lattice architecture that distributes the ledger on each node. As such, instead of being verified by a previous node, each account has its own blockchain which verifies the transactions.
Nano also stands out by denying mining activities and high transaction fees. Its DAG architecture allows the possibility of faster transactions and lower fares without compromising the integrity of the transaction.
However, with cryptocurrencies still in the embryonic stages, many traders are wary of adopting them as a means of payment. Thus, the usability of Nano to make "nano" payments and its integration as a CoinGate native token could foster faster adoption since more than 4,000 online merchants can now use the currency.
