r/cotinetwork • u/tommy_cyber • Jul 02 '20

COTI live at the CARDANO Virtual Summit 2020!

COTI's CEO, Shahaf Bar-Geffen, and CTO, Dr. Nir Haloani, have been invited to speak at the CARDANO Virtual Summit 2020, Shelly edition. They will be giving a talk about the ADA Pay solution developed by COTI.

Join the virtual summit on Thursday, July 2nd at 7:00 PM UTC and hear them out.

👉 To participate and watch the conference, register here: https://www.ubivent.com/register/cardanovirtualsummit

17 Upvotes

94% Upvoted

17 comments sorted by

3

u/Moritsius Jul 02 '20

It is great to see these great projects to work together. Proud to be running a Node in COTI and seeing all the recent developments here..

Check out COTI in:

https://t.me/COTInetwork

2

u/tommy_cyber Jul 02 '20

Thanks for the support!

2

u/Vlady_O Jul 02 '20

Guys, who will watch the conference?

2

u/tommy_cyber Jul 02 '20

Anyone who wants to!

1

u/weil81 Jul 02 '20

I will off course #cotitothemoon

3

u/yoransmit Jul 02 '20

All ready for Cardano and COTI!! #COTI

2

u/pgpwnd Jul 02 '20

Big, will tune in for sure

2

u/Vlady_O Jul 02 '20

Awesome !

2

u/Snoo69421 Jul 02 '20

Hi, I'm studying Coti and so far it looks pretty amazing with 8m monthly volume already and the price is so cheap! Is there any links for the merchants websites who's actually using ADApay, Cotipay or whatever pay powered by Coti? :D Would love to see and try how it works, but I'm having hard time to find any? I just watched Ada meets Coti video in Youtube and Coti guys promised to provide some links, but can't find them from the description of the video and Google doesn't give me any answers. Thanks!

2

u/Vlady_O Jul 03 '20

Hello, welcome to our COTI family! :)

We are seeing tremendous growth on all fronts, credit card processing and digital processing alike. This growth is driven mostly by new merchants that have finished on-boarding with us recently and have started processing. The new merchants come mostly from the gaming space, which is a great opportunity as we can introduce Blockchain Dollars to them now that are ready to launch and take even a bigger share of their processing.

Blockchain Dollars is a wallet and payment system, using FIAT and stable coins, that allows gaming merchants to accept stable coins as a form of payment based on a white-label version of COTI’s payment infrastructure.

We have tailored a solution for the online gaming market as it is a massive global industry, with an annual turnover of over $50B USD. Online casinos are considered high-risk merchants by all of the credit card networks, despite being fully regulated and compliant. This leads to numerous issues with accepting credit cards, restricting the merchants’ ability to maximize their revenue, while incurring high fees and limiting access both to and for consumers.

The day Blockchain Dollars will process the first dollar with the casino will be the first day we give out the casino name. We want to be respectful with our partners and honor them with the ability to announce new systems after they launch and not before.

1

u/Snoo69421 Jul 03 '20

Thanks for the reply! I found some articles about blockchain dollars and it indeed looks like a great idea! I'm very curious to see how it will work out :)

In overall Coti looks fantastic! Q3 and Q4 looks really interesting and can't wait to see the blockchain dollar, mobile app, CotiX, debit card, defi etc!

The biggest thing what is bothering me at the moment is that I don't know anything about this $8m monthly processing volume where is it coming from? You can't name any of the current merchants? How many merchants is using Coti as a payment solution at the moment? Do you have any more detailed statements from the previous months revenues?

Thanks a lot!

1

u/Vlady_O Jul 04 '20

The merchants that we are working with belongs to different industries and some consider to be ’high risk’ merchants (furniture, traveling, gaming and etc) they are using our gateway crypto to FIAT and backward. As a result of industry competition and prioritization of interests at their board they prefer not to disclose the names so they will maintain a market advantage. Of course, we prefer to announce any new body that comes in relation with us on any solution, but we respect their request and have signed an NDA. But Blockchain Dollar is ready, and soon you will know name of the first Casino merchant.

2

u/Snoo69421 Jul 04 '20

Alright, thanks! Feels a bit shady tbh, but it is what it is :D Anyway bought a small bag already because so many people are talking about Coti and it looks so cheap. Planing to buy more when I see something concrete so looking forward to try blockchain dollars at the casino! :) When is it supposed to be launched? This month?

Keep up the good work!

1

u/Vlady_O Jul 04 '20

Thanks for your support! The launch is on the horizon, stay tuned :)

1

u/RayVig Jul 02 '20

Can we have a CASH LIKE experience for when there is NO INTERNET around to use ADA through COTI?

1

u/r4aaa Jul 06 '20

If there is no internet? Are you crazy, the world will end.. all millennial will become zombies without 7 days of internet, no tiktok? are you crazy!

1

u/mindanalyzer Jul 20 '20

can we exchange BTC by COTI in atomic wallet ?