ADA Pay — New Version
This milestone has been achieved, as we shared last week.
ADA Pay’s new version brings new features and improved scalability functions to allow us to support a greater number of merchants and allow them to customize the platform settings to include/exclude fees from withdrawals, payment requests and more.
We already have new merchants, including a very big one, whose identity will be revealed in the upcoming weeks.
Mainnet 2.0 Launch
We will launch Mainnet 2.0 to allow new scalability and speed capabilities as well as to optimize COTI’s platforms to support its massive growth. Details about the launch will be revealed very soon.
It’s been about a month since Cardano’s summit, where it has been announced that COTI will become the official Djed issuer of Cardano’s new stablecoin. Since then, we have collected lots of applications and we’ve announced another partnership with Occam.fi to explore new ways to implement the Djed stable coin, and more partnerships are to be announced in the near future. Being the issuer of Djed, COTI assumes the responsibility of publishing the smart contracts for the stablecoin and of being the front end engaging with funds, enterprises, developers and others who wish to mint both the stablecoin and the reserve coin used as part of the pegging algorithm.
First Enterprise Stable Coin Launch (Stable coin Factory)
Through the stable coin factory, we will offer clients around the world the possibility to issue their own stable coin on top of the Trustchain. We are discussing with several enterprise-scale companies, who showed a deep interest in COTI’s stablecoin factory option. In addition, we are already working with a significant client and we will announce it once all aspects are covered.
Following the exciting announcement about COTI’s growth plan to become a next-generation financial ecosystem, and the Treasury Whitepaper release just a few weeks ago, our top developers have started building the first version of the Treasury. The Treasury is one of the main pillars of COTI’s plan for the next couple of years. A wide range of clients, using multiple technologies and services — all send $COTI fees to the Treasury. We believe that a significant amount of fees will be accumulated in COTI’s Treasury, benefiting depositors as well as holders.
For all of our updates and to join the conversation, be sure to check out our channels:
Technical whitepaper: https://coti.io/files/COTI-technical-whitepaper.pdf