COTI Announces Partnership with World Mobile, a Global Mobile Telecom Operator
COTI, a layer 1 fintech blockchain, and World Mobile, a licensed global mobile network operator, have announced a strategic partnership going forward. As part of a long-term strategy, the two companies hope to provide robust payment solutions to the hundreds of millions of unbanked individuals, starting in Africa's remote areas.
COTI provides functionality as robust as Paypal and Alipay while allowing enterprises to create their own unique rules and finally own their payment system to save time, data, and money.
COTI's platform enables companies to effortlessly create advanced fintech products ranging from payment networks and stable coins to loyalty programs, remittance services, and more.
World Mobile, founded in 2018, is focused on connecting the other half of the world population that does not have access to the internet and providing digital identity to their customers.
It is the first mobile network operator that is built on blockchain, renewable energy, licensed and unlicensed spectrum creating a hybrid network and introducing the sharing economy.
In the near future, retailers and merchants who choose to connect to the internet using World Mobile’s network and use ADA Pay as their payment solution will be able to accept credit card payments boosting sales
ADA Pay is Cardano's gateway solution for payments.
It is implemented by COTI and the system is developed on COTI's Universal Payment Solution platform. The solution allows merchants to accept payments in Cardano's native token ADA with a nearinstant settlement into 35 fiat currencies directly into their bank accounts.
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