Cardano and COTI will Provide an ADA Payment Solution
The Cardano Foundation & fintech platform COTI announce a collaboration to design an ADA payment solution, permitting vendors accept ADA payments with an almost immediate deal into 35 traditional currencies directly into their bank accounts. The new payment service will be released in November of the current year.
The service that will be created and integrated by COTI, will effortlessly be integrated directly into the site of the merchant in two ways: an adaPay button or a QR-based PoS system. This new payment service will facilitate the acceptance & settlement of ADA payments, permitting vendors manage all the operations in real time.
Shahaf Bar-Geffen, the CEO of COTI, mention:
“We’re pleased to team up with the Cardano Foundation in building a unique payment solution for merchants seeking adaPay checkout functionality. We have a lot to the mutual trust & support between the Cardano ecosystem partners & COTI.”
In addition, he noted that this service is a step to provide a universal payment method: “The ways people exchange value is changing for the better & the future is looking more promising for payments.”
The COTI UPS will provide a complete ADA payment method, combining already existing support systems of traditional payment processors with adding the value of cryptocurrencies.