Crypto
Charles Hoskinson Teases Major Midnight Deal in Japan as Cardano Expands
Charles Hoskinson hints at a major Midnight deal in Japan while Cardano pushes crypto payments through the new Cardano Card.
22d ago 4,280
BLOCKINSIDERLoadingCharles Hoskinson hints at a major Midnight deal in Japan while Cardano pushes crypto payments through the new Cardano Card.
Cardano founder Charles Hoskinson has hinted that a major new partnership is on the way for Midnight in Japan. The update comes as Cardano also prepares to launch the Cardano Card in the country, bringing stablecoin payments closer to everyday users.
Speaking about his recent Japan tour, Hoskinson said he met with several large companies to introduce Midnight, Cardano's privacy-focused blockchain project, and discuss how privacy solutions can work within regulated industries.
Discussing the response from Japanese companies, Hoskinson said that "everybody wants privacy right now, and they want a new narrative in the cryptocurrency space."
According to him, many businesses are interested in blockchain technology but remain uncomfortable sharing sensitive information on fully public networks. Midnight is designed to address that issue by allowing organizations to keep certain data private while still maintaining compliance and auditability.
Hoskinson further added that this growing demand for privacy could become one of Midnight's biggest opportunities as more institutions explore blockchain adoption.
The biggest revelation from Hoskinson's comments was that a new Midnight-related agreement has already been finalized in Japan.
Hoskinson revealed that "there's something we did get done for Midnight." Adding that the partnership is connected to NIGHT token liquidity in Japan. He also admitted the deal caught him by surprise, saying,
"I never thought I'd make a deal with that particular company."
While he refused to disclose the company's identity, his comments show Midnight is beginning to gain traction among established businesses in Japan. The mention of NIGHT token liquidity is also significant because the token is expected to play a central role within the Midnight ecosystem.
For now, the details remain under wraps, but the comments have already sparked speculation across the Cardano community.
Alongside Midnight’s progress, Cardano is also making a push into real-world payments.
Cardano’s commercial arm, EMURGO, has partnered with Slash Vision Labs and SecondFi to launch the Cardano Card in Japan. The card will allow users to spend stablecoins through Japan's existing payment infrastructure, including the QR-code payment systems that are already widely used for everyday purchases.
Highlighting the importance of the launch, EMURGO CEO Phillip Pon said,
"since Cardano's journey began in Japan, we have always wanted our Japanese ADA holders to be able to do more than just hold and stake."
The Cardano Card aims to give users a simple way to spend, save, and make payments using digital assets in their daily lives.
Japan remains one of Cardano’s strongest markets, with a large ADA community and crypto-friendly regulations. But despite the positive news around Cardano’s expansion in the country, ADA’s price is still struggling. The token has dropped more than 11% this week and is trading below $0.165.
Falling trading activity and continued selling by investors suggest bearish sentiment is still in control. The next key support level is around $0.148, while ADA needs to move back above $0.181 to show signs of recovery.
For now, the price trend remains weak.
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