COTI Signs Dafabet, One of the World’s Top Gaming Groups
As part of this contract, we have built an entire wallet and payment system, specifically for Dafabet’s gaming platforms, using both our Trustchain and Payment Gateway technology stack. Together, we will offer Dafabet’s target audience an enhanced and easier cryptocurrency payment experience with less friction.
Dafabet is our biggest client to date, with over $1 Billion in annual revenue!
By offering Ultra eWallet to their massive existing user base, Dafabet will be able to enjoy instant payment settlement while also being able to offer their products to a wider market segment, due to the Ultra wallet not having any regional limitations. This will improve both revenue and cash flow for Dafabet as a result.
According to eGaming Review Magazine, Dafabet is a top tier gaming group, ranking in the top half of the world’s e-gaming operators. It operates an array of gaming platforms and it’s the home to some of the best gaming products on the web that includes Sports Betting, Online Casino, Live Casino Games, Flash Games, one of the world’s largest online poker networks, and many other world-class online betting games.
Dafabet’s presence is synonymous with the sporting world and they currently sponsor several English Premier League teams, including Everton, Aston Villa and Burnley, several first division teams, such as Blackburn Rovers and Sunderland, along with the perennial champions of the Scottish Premier League, in Celtic.
Dafabet also sponsors several English County cricket clubs, including Sussex CCC and Durham Cricket along with a host of other sporting teams around the world, like Cádiz CF and Norwich City FC.
The solution COTI has developed with Dafabet is a derivative of COTI’s technology, similar to Blockchain Dollars, but tailored to Dafabet’s scale and needs. We have branded the new solution as Ultra eWallet and it is an already live and functional product.
The Ultra eWallet includes a Fiat On-Ramp, stablecoins, a designated wallet, a CRM, and a full back-office management software. The entire payment process operates on the Trustchain rails, allowing for instant settlement and transparency. As more and more users from Dafabet’s immense 1.5M audience start using the Ultra eWallet as their preferred payment method, we expect the volume on the Trustchain to greatly increase, benefiting the holders of COTI, stakers, and node operators all over the world.
Here is a quick glance at Dafabet’s cashier with COTI’s Ultra eWallet in it:
And a glance at what deposit will look like with Ultra eWallet on Dafabet’s:
Shahaf Bar-Geffen, COTI’s CEO:
“Today marks a great date for COTI. Being recognized by a titan like Dafabet and having COTI’s technology installed in such a popular platform is a huge achievement. Dafabet is processing massive volumes and we look forward to taking part in it. COTI’s technology will serve Dafabet’s audience well and this agreement will greatly benefit COTI’s holders and stakers too”
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Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf