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.
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”.
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