COTI Announces Partnership with World Mobile, a Global Mobile Telecom Operator

COTI Announces Partnership with World Mobile, a Global Mobile Telecom Operator, updated 3/7/22, 2:41 AM

COTI, a layer 1 DeFi blockchain platform, and World Mobile, a global mobile network operator, have announced a strategic partnership going forward. As part of their long-term strategy, the two companies hope to provide robust payment solutions to Africa's underserved people living in remote areas.

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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 near-
instant settlement into 35 fiat
currencies directly into their
bank accounts.
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