COTI Announces New Partnership with Leading Global Telecom Operator, WMG


Fintech layer 1 blockchain platform, COTI, and global mobile network operator, World Mobile (WMG), have announced a strategic partnership for the future. They aim to bank the millions of unbanked people in Africa. WMG is building the last mile telecommunications network and COTI will provide fintech services.

COTI, a fintech Layer 1 blockchain, and World Mobile, a licensed global mobile network operator, announced a strategic partnership for the future.

More information about this exciting new partnership can be found here: World Mobile and COTI Join Forces to Bring Unbanked ADA Payment | Is Africa set to dominate crypto adoption in 2022?

Through this partnership, the ADA Pay payment processing solution will be offered to World Mobile retailers and merchants so they can offer their customers the ability to pay for goods and services with ADA. In turn, as ADA Pay is adopted and used, there should be an increase in demand for WMT, $COTI, AND ADA cryptocurrencies; a nice advantage for World Mobile, COTI and Cardano.

In the near future, retailers and merchants who choose to connect to the Internet using World Mobile’s network and then use ADA Pay as their payment solution will experience the following benefits: 1) Allow them to accept payments in person and online, which will drive sales, 2) allow them to accept ADA payments with near-instant settlement in 35 fiat currencies directly to their bank accounts, and 3) use ADA Pay will allow them to manage all transactions in real time, improving their cash flow.

As part of a long-term strategy, the two companies hope to provide robust payment solutions to hundreds of millions of unbanked individuals, starting in remote parts of Africa. Asked about the new joint venture, Yair Testa, Business Development Manager at COTI, said, “We are pleased to partner with World Mobile for such a good cause. We believe this partnership will begin with the integration of ADA Pay and has the potential to expand to the integration of Djed and $COTI. We look forward to seeing the partnership grow.”

Charles Barnett, Commercial Director of World Mobile, is also excited about the venture, saying: “We are proud to announce our partnership with COTI. The collaboration between our projects will lead to a better connected and technologically advanced Africa, with the mass adoption of crypto at the forefront. The solution works and World Mobile is proud to be able to partner with COTI to bring ADA Pay to the rest of Africa and the world.

Current and future clients are encouraged to learn more about the joint venture and the benefits they will derive from it by visiting the COTI Crypto News Today website

About COTI, World Mobile and ADA Pay

Founded in May 2017, COTI is the first enterprise-grade layer 1 fintech blockchain protocol that allows organizations to build their own native payment solutions. COTI provides features as robust as Paypal and Alipay while allowing businesses to create their own unique rules and ultimately own their payment system to save time, data and money. COTI’s platform enables businesses to effortlessly build advanced fintech products, ranging from payment networks and stablecoins to loyalty programs, remittance services, and more.

World Mobile, founded in 2018, is focused on connecting the other half of the world’s population that lacks internet access and providing a digital identity to its customers. It is the first mobile network operator based on blockchain, renewable energy, licensed and unlicensed spectrum, creating a hybrid network and introducing the sharing economy. They are building infrastructure for last mile connectivity using spectra such as free space optical communication and other radio transmitters, which do not require a license, resulting in cheaper internet access. Spectra connect to multiple air nodes to create a mesh network, providing internet coverage to remote villages.

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 enables merchants to accept payments in Cardano’s native ADA token with near-instant settlement in 35 fiat currencies directly to their bank accounts.

Contact information:
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Organization: The Coti report
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