Highlights
- CardWallet and COTI’s ADA Pay will work together to provide CardWallet customers with a more sophisticated payment option
- Both companies seek to increase DeFi user engagement
- The partnership aims to promote global cryptocurrency acceptance
About COTI
COTI describes itself as the world’s first enterprise-grade fintech platform, enabling businesses to develop their payment systems and digitize any currency to save time and money. COTI is one of the first blockchain protocols globally optimized for decentralized payments and intended for usage by businesses, payment DApps, governments, and stablecoin issuers.
COTI Pay is the initial offering. It advertises itself as a blockchain-based, all-inclusive financial service. The COTI Group began operations in March 2017, while the Staking Platform started operating on January 1, 2020.
It’s a system built to address all of the problems with conventional finance, such as costs, latency, and worldwide inclusiveness. This is accomplished by introducing a DAG-based protocol and truly scalable, private, inclusive, and quick infrastructure.
The ecosystem comprises a DAG-based blockchain, a proof-of-trust consensus algorithm, several DAGs, a GTS (Global Trust System), a universal payment solution, and a payment gateway.
COTI’s Partnership With CardWallet
COTI has announced its latest partnership with the non-custodial wallet solution, CardWallet. The new collaboration is aimed at providing the CardWallet community with a user-friendly payment platform. CardWallet and COTI’s ADA Pay will collaborate to offer CardWallet users a sophisticated payment mechanism for more seamless payments.
We are happy to share that we have partnered with CardWallet to bring the advantages of a non-custodial wallet and an easy-to-use payment platform to the CardWallet community.
Read more here: https://t.co/HfnKv7RW8F $COTI @CardWallet_fi pic.twitter.com/NW6GNV1wFE
— COTI (@COTInetwork) October 25, 2021
Both firms aim to boost user engagement in the DeFi ecosystem by facilitating user interaction using DeFi protocols. According to the statement, half a billion dollars in ADA is now being delegated to charity-focused Cardano activities through mission-driven stake pools.
Projects like ADA Pay aim to increase worldwide acceptance of cryptocurrency, and CardWallet’s integration with ADA Pay can increase community participation throughout the whole blockchain ecosystem. COTI’s ADA Pay has been making headlines in the DeFi area since it allows crypto holders to use their assets in the market the same way they would spend their fiat.
Speaking on the partnership, Tiago Serodio, the CEO and co-founder of CardWallet, said, “I’m looking forward to collaborating with COTI on this project, which will provide new prospects for our community members.”
COTI’s Future
COTI plans to bring more features to its ecosystem in the coming months. According to its growth plan, They want to integrate all they do and future initiatives into a single cohesive system and extend their offering from payments to a whole next-generation financial system.
First, the COTI team will develop its liquidity pool’s instruments, COTI’s Treasury, to reward users for depositing COTI. Numerous variable and set earning options for COTI staking will be presented. The COTI team will also build a stablecoin factory, an easy-to-use environment for minting stablecoin.
At the time of writing this, COTI is trading at $0.5705 and has a 24-hour trading volume of $112,804,572. The current market capitalization is about $494,626,148, ranking at 141 on CoinMarketCap. There are 868,672,118 COTI coins in circulation with a maximum supply of 2,000,000,000 COTI coins.
