COTI signs up over 2,000 global merchants and 50,000 users to its crypto payments service
May 3, 2018
COTI is leading the way in the adoption of digital currency across mainstream markets. Since mid-April, over 2,000 professional e-commerce merchants from around the globe have signed up to use COTI’s payments system, in addition to over 50,000 platform users. They have signed up to the alpha net version of COTI’s platform, in anticipation of the full launch later this summer, demonstrating that COTI’s payments system is the crypto solution of choice.
This marks an important milestone in the company’s development. Spanning a variety of sectors within the e-commerce space, the new merchants include popular mobile casino sites Monaco Players Club and Royal Savoy Casino, as well as Volunteer Southern Africa, an organisation which has hosted over 9,500 volunteers across projects in South Africa.
Watch Volunteer Southern Africa organisation video
Merchants benefit from COTI’s unique network for decentralized and scalable payments, which aims to solve the challenges posed not only by traditional payment methods, but also by current key cryptocurrencies, by facilitating efficient, secure, frictionless and cost-effective international commerce.
COTI achieves this by using a next-generation blockchain system which consists of DAG (directed acyclic graphs) structures. In using this cutting edge technology, COTI has developed a new base protocol, the Trustchain™. Unlike current blockchain systems, which have serious issues with speed and scalability, the Trustchain™ can process 10,000 transactions per second. COTI is set to launch a full payments ecosystem, comprising the COTI coin, wallet, and a currency exchange. Merchants who have signed up will have access to all these applications.
Shahaf Bar-Geffen, CEO of COTI, commented:
“We have been very pleased with the high level of interest and take-up we have seen from merchants and users in the past weeks. This accelerated growth further demonstrates the strength of COTI’s innovative solution, which we are constantly developing to benefit those signing up. Our objective is to set the standard for next generation payments, and signing up over 2,000 new merchants and 50,000 users across the globe marks a significant next step for the business.”
The COTI community is growing quickly. As a token of our appreciation, we are excited to announce that in the upcoming month we will be launching a special pre-sale limited to COTI community members. For more details, get in touch with us on Telegram or via email.
