Cardano drives crypto adoption in this e-health platform
Cardano became the preferred choice for a leading telemedicine platform called Citaldoc that enables people to find healthcare providers and make online medical appointments. According to the civil service statementthe platform has reportedly started testing Cardano’s native token ADA for its healthcare payment module.
As shown in the screenshot, a test transaction for 10,000 ADA was completed on the Cardano testnet. A small fee of 0.0017% was added to the transaction.
Citaldoc representatives emphasized that this milestone is “emotional” for them because crypto integration is critical to Citaldoc’s accessibility to both current and potential customers.
With over 650,000 potential patients and headquartered in Buenos Aires, Citaldoc is one of the most popular telemedicine programs in Latin America. The design incorporates information from ADA testing.
Cardano gained significant traction after the Vasil upgrade, as evidenced by its adoption on a wide range of digital platforms. Last month, the token entered SwissBorg, a Switzerland-based crypto investment solution.
As covered by TronWeekly, ADA was also picked up by the Japanese wing of one of the world’s largest crypto exchanges, OKCoin to start spot trading of the token against Japan’s national currency, the yen.
Similarly, the asset went live as a cryptocurrency security on the futures platform of US-based trading platform Kraken.
Less than a month ago, the token landed in the world’s leading dApp analysis platform DappRadar. Announcing the same via Twitter, the Lithuania-based service encouraged developers working on Cardano to submit their contracts.
Cardano’s On-Chain Metrics Predict ADA’s Value
ADA’s usability got a further boost when it gained access to the Ethereum Virtual Machine [EVM] through a blockchain interoperability service called Milkomeda that brings Eth dApps into the PoS ecosystem.
On-chain data aggregator Santiment observed the other day that a key value on the chain was showing signs of undervaluation as its relative position compared to its realized value was the lowest since January 2019.
Reported by TronWeekly, MVRV-Z score [market-value-to-realized-value] is the difference between market value and realized value. ADA’s MVR-Z score for the first time in nearly four years plunged to negative 1.35, indicating that the asset is severely undervalued.
Santiment added that ADA’s price increased over the following three months the last time the MVRV Z-score reached this level.
