Thriving as a result of Cardano and COTI collaboration

Cardano is enjoying a great momentum these days and it has risen above one dollar. Interestingly, ADA has seen a 650% increase in its value in just 2 months.

Share

Cardano has seen a steady rise in its value since last year but this month the crypto rose dramatically reaching 1 dollar and then it was corrected and again trying to find its feet above 1 dollar. ADA has also been enjoying its price skyrocketing in the last 2 months as it increased more than six-fold before its correction. The holders of these must be celebrating and having a great time these days.

Cardano platform is investigating the integrations with Celsius, Prime Trust and such like heading for a Hard Fork Combinator (HFC) called Mary that is going to have multiple uses such as forging token and serving as a multi-asset ledger which helps have native tokens and Defi dApps.

Moreover, the Cardano team may revolutionize the Defi realm by charging lower transaction fees and less exploitable code, says their last blog post. In their post, they have said that they wish to expand Cardano and the Defi-related ones.

Lately, Cardano received an endorsement from Gene Simmons who had bought $300,000 worth of ADA Cardano who believes that everyone should afford to do that too. Indeed, Cardano sounds like a great option as it is a POS (Proof of Stake), open-source blockchain platform whose native coin is in the top-five of the cryptocurrencies and it’s the cheapest among them if we overlook dollar-pegged Tether (USDT) stablecoin.

ADA payment gateway was what COTI and Cardano agreed to collaborate on. ADApay provides merchants to have ADA tokens when they want to check out and all of the payments are on-chain and on Cardano chain. The merchants can convert their ADA tokens with any fiat easily. And the fee for the service is less than that of credit cards.

But what is COTI?

Being among the top 200 with a market cap of $121M and saily volume trade of $55M, COTI seems to have a bright future. It’s a finance-on-the-blockchain ecosystem which is made up of stablecoin issuance, payment processing services, a blockchain-based loyalty network and a remittance solution. COTI hosts a staking cycle on its network and the users can take part through its wallet, “COTI pay VIPER”.

Categories

Crypto Currency(5)

Latest News

American couple got married on Ethereum blockchain

A couple from California got married using tokenized rings. They said this was done to make their marriage last forever on the Ethereum blockchain. ...

APR 05, 2021

Wen Doggcoin? Snoop Dogg suggests a token offering in the future

Snoop Dogg, the American rapper and media personality asked this question “Is d-o-g-g similar to d-o-g-e?” and that may be a sign of his own future token. ...

APR 03, 2021

XRP Case with the SEC may come to an agreement

Securities and Exchange Commission (SEC) is getting new administration says Brad Garlinghouse, CEO of Ripple who hopes that SEC reconsider what they had said ab ...

APR 01, 2021

‘NFT500’ service will be launched by the mobile games developer Tapinator

What is NFT500? A subscription casting service where NFTs are placed for physical display. Here is where you can put your favorite digital art on display rather ...

MAR 30, 2021

Tags

Cardano ADA

Cardano

COTI

Tags

Cardano ADA

Cardano

COTI