COTI Partners With Empowa to
Explore Using Djed as a Means of Transferring Funds to African Building Partners
We are pleased to announce another Djed partnership, this time with Empowa, a RealFi project built on the Cardano blockchain. Empowa enables local African developers to offer an affordable lease-to-own option for eco-homes to their customers. This system gives tenants the opportunity to own a home at the end of the lease period, thereby providing quality housing for them.
A core mission of Empowa is to increase the mainstream adoption of blockchain across the African continent with special attention being paid to Cardano’s offering. The inclusion of the Djed stablecoin as a means of transferring funds to local building partners brings Empowa a step closer towards its goal to speed up blockchain adoption in Africa.
Glen Jordan, Empowa CEO and Co-Founder, said:
“As a proud Cardano project, we are excited to see the ecosystem reach this significant milestone, the launch of a native stablecoin. We are eager to play our role in supporting broader adoption of the Djed stablecoin, especially across the African continent”.
This partnership, along with some of the previous ones we have announced, will ensure the proper utilization of Djed across the entire Cardano ecosystem, and create an increased use-case for it across multiple platforms. Stay tuned for more updates.
Empowa is a RealFi project built on the Cardano blockchain. It provides affordable, home loans for the financially excluded across the African continent. This is achieved by enabling local developers to offer an affordable lease-to-own option for eco-homes to their customers. Empowa enables this through DeFi and NFTs (Impact Cards). Philanthropists, collectors and investors support this through the purchase of these NFTs (Impact Cards).
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf