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Cardano (ADA) protocol are creating a new decentralized payment system called Hydra Pay

Developers working on the Cardano (ADA) protocol are creating a new decentralized payment system called Hydra Pay, which will be powered by the Cardano-based layer-2 solution Hydra Head and compatible with Web3.0 wallets. The service is expected to offer near-instant settlement on Cardano L2 and is being developed by independent developers. With the capabilities of Hydra, the Hydra Pay service is also expected to be useful for micropayments. This is one of several innovative products launched by the Cardano community this year, including DJED, the first overcollateralized stablecoin, and the Light Wallet - Lace, which serves as a hub for all tokens in the Cardano community.

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