COTI Blockchain Payments: A Vision Unveiled
In an early Chain Reaction podcast episode (once called The Cardano Hotel Podcast), Sharaf, COTI’s CEO, shared his vision for COTI blockchain payments. This discussion sparked a journey to reshape digital transactions. For example, COTI Pay and ADA Pay emerged as tools to simplify and speed up payments.
Understanding COTI Blockchain Payments
COTI, short for Currency of the Internet, is a blockchain platform designed for fast, secure transactions. Unlike traditional systems with slow intermediaries, COTI cuts costs and delays. Specifically, COTI Pay allows merchants to accept crypto and fiat seamlessly. According to COTI’s website, it processes up to 100,000 transactions per second—a game-changer in fintech.
How COTI Pay and ADA Pay Work
COTI Pay streamlines payments for businesses and users. Meanwhile, ADA Pay lets Cardano’s ADA cryptocurrency flow into real-world spending. This bridges crypto and practical use. During the podcast, Sharaf emphasized ease of use. He wants digital payments to feel intuitive. Therefore, COTI blockchain payments prioritize user experience above all.
Why Blockchain Powers COTI
Blockchain eliminates middlemen, boosting trust and efficiency. However, many blockchains struggle with scale. COTI tackles this with its directed acyclic graph (DAG) system. This setup handles transactions side by side, making COTI blockchain payments rapid and reliable. For more blockchain insights, visit Media3.
What’s Next for COTI
Since that podcast, COTI has evolved. Sharaf’s vision laid a strong foundation. Additionally, plans to support more currencies and markets are underway. As DeFi grows, COTI blockchain payments could lead the charge. Curious? Listen to the full episode for the complete story.
Facebook
Twitter
LinkedIn
