COTI Partners World Mobile to Allow Africans to Make Payments Using Cardano (ADA).
COTI has announced a partnership with World Mobile to enable global merchants and retailers to accept Cardano (ADA) for the payment of goods and services.
The payment initiative will be conducted on COTI’s ADA Pay and will be initially rolled out in Africa, with subsequent plans to expand the service to other developing regions, COTI said in a blog post.
COTI and World Mobile are partnering up!
With this partnership, we will enable merchants and retails to accept $ADA payments, starting in Africa and expanding to all undeveloped areas.
Read more: https://t.co/g4Vv8xUwFD$COTI @WorldMobileTeam pic.twitter.com/yf3PDzXxel
— COTI (@COTInetwork) February 17, 2022
Under the partnership, businesses that are connected to the World Mobile network can conveniently use the ADA Pay platform to accept Cardano payments.
Commenting on the development, Yair Testa, Head of Business Development at COTI said:
“We are happy to be partnering with World Mobile for such a good cause. We believe that this partnership will start with the integration of ADA Pay and has the potential to expand to the integration of Djed and $COTI. We are eager to watch the partnership grow.”
Aside from the ability to use ADA for payments, COTI disclosed that it will also integrate DJED, a Cardano-based stablecoin, into the World Mobile ecosystem.
ADA Pay, which made its debut on the Cardano Shelly mainnet in April 2021, has been adopted by various non-government organizations (NGOs) and charities, and ever since, over 100,000 ADA in donations have been processed.
Charles Barnett, Chief Business Officer at World Mobile, will be instrumental in fostering a better and more connected tech-savvy Africa, adding:
“With crypto mass adoption as the main objective, World Mobile is proud to partner with COTI to bring ADA Pay to the rest of Africa, and the world.”
ADA Use in Payment
Despite the growing number of user activities on Cardano, COTI is still poised to further promote cryptocurrency use in payments.
Last year, payments giant Flexa announced the addition of ADA to its list of supported cryptocurrencies, a move that could see the coin being used in payments by over 40,000 businesses in the United States.
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