Ardana is Partnering with COTI
Ardana and COTI will bring stablecoin crypto-to-fiat payments to the Cardano community, as well as consumers & merchants worldwide.
The team at Ardana is very excited about the new partnership with COTI.
COTI recognizes a strong need for a robust payments system that is as seamless and scalable as traditional payments while being as cost-effective and secure as blockchain. COTI Pay can process all payment types, including crypto and stablecoins, credit cards, and even a merchant’s native coin both online and offline. It offers built-in financing as well, with interest on savings and business loans.
Ardana & COTI will collaborate in order to leverage COTI’s robust payment infrastructure so that we can empower e-commerce across the world & metaverse using Ardana’s stablecoin and Cardano’s speed & security.
Ardana Stablecoins on AdaPay:
AdaPay is a joint project created by COTI & IOHK which enables seamless ADA-to-fiat transactions to be made. Merchants who use AdaPay can have their customers pay in ADA, and have it converted to fiat & sent to their bank account through the AdaPay stack.
Ardana will bring decentralized stablecoin payments to AdaPay, meaning that users will be able to purchase goods using our stablecoins wherever AdaPay is accepted. Merchants & consumers worldwide will enjoy the benefits of being able to directly do business using a stable & decentralized form of currency, easing the possible complexity of using volatile assets as a direct or intermediary form of payment.
Shahaf Bar-Geffen, CEO of COTI stated:
“Today, COTI is doing its first steps in Defi over Cardano, which we believe will be huge. We are happy to collaborate with the remarkable team of Ardana to bring new Cardano Native Assets to ADA Pay and scale up our operation.”
Ryan Matovu, Founder of Ardana, stated:
“Both COTI & Cardano have a value proposition that is immediately applicable to each of our day-to-day lives, no matter where we may be. When it comes to e-commerce, it is within our vision to have our stablecoin being able to participate in all walks of life- from yield farming on-chain, to financing actual farming off-chain”
About COTI
COTI’s payment system uses Trustchain, a machine learning-based proprietary consensus method. The Trustchain is built on a multi-DAG (directed acyclic graph) data structure that works together to increase scalability, with over 100,000 transactions per second processed (TPS). Due to its scalability and low transaction costs, DAG is the best infrastructure for payments. As a result, COTI’s platform allows businesses to construct innovative fintech products while saving time, data, and money.
About Ardana
Ardana is Cardano’s stablecoin hub which will bring the necessary DeFi primitives needed to bootstrap & maintain any economy to Cardano. Ardana offers an on-chain asset-backed stablecoin and a decentralized stable-asset DEX. The stablecoin is verifiably backed by an excess of on-chain collateral and will enable borrowers to take leverage on their ADA or other supported assets. The DEX is a highly capital efficient exchange enabling swaps with minimal slippage & fees while providing low-risk yield opportunities to liquidity providers.
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