COTI Will be Available on Digiasset Exchange

Digiasset News Nov 10, 2022

In an era of “everything digital” currencies remain outdated. Currently, it’s cheaper to pay in cash than to use banks, PayPal, Alipay and the like. COTI is the first enterprise-grade fintech platform that empowers organizations to build their own payment solution and digitize any currency to save time and money.

It has been long anticipated for cryptocurrencies to significantly alter the online payment landscape. To accomplish this, it is necessary for cryptocurrencies to be user friendly, convenient and highly scalable. Several blockchain based technologies have been created to tackle the challenges posed by attempting to provide high transaction throughput while remaining inexpensive, but these have been met with little success. Another challenge faced is the lack of trust between unknown parties, which leads to countless chargebacks and transaction cancellations. Moreover, merchants are often classified as ’high-risk’ or ’low-risk’ based on their association with a particular industry, rather than on their actual behaviour

COTI Provides the 7 Necessary Elements for a Perfect Payment Infrastructure:

Scalability. COTI can process over 100,000 TPS, compared to 25,000 TPS in traditional payment systems and up to 20 TPS in common blockchain protocols.

Simplicity. COTI’s user and merchant-facing tools are seamless and extremely easy to use.

Buyer-seller protections. COTI provides the first ever dispute resolution system to safeguard users against errors, fraud and counterparty abuse.

Cost-effectiveness. COTI cuts out intermediaries and eliminates the need for costly mining, which drastically reduces costs and energy consumption.

Price stability. COTI is creating price stability technology, which is necessary for the mass adoption of blockchain for payments.

Instantaneity. COTI’s technology makes transactions, P2P payments and remittances instant, instead of taking hours or days to clear.

Security. COTI’s distributed ledger technology eliminates a single point of failure for enhanced security.

COTI will be listed on Digiassetindo soon, for more information about COTI follows our latest updates on Digiassetindo social media.


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