Jara Network Partners COTI Network to Use Cardano Stablecoin (Djed) As a Payment Option
Another leading fintech company adopts Cardano stablecoin as a payment solution.
COTI Network, the official issuer of Cardano stablecoin, has today announced a new partnership with Jara Network as part of the growing adoption of Cardano’s algorithmic stablecoin Djed.
We are happy to announce another partnership, this time with @Canza_Finance, an Open Finance Portal enabling access to unlimited financial services for emerging markets to add Djed as a stable payment option.
Read more: https://t.co/g0gzMpkFRA
$COTI $DJED pic.twitter.com/H9pvZQzjgO— COTI (@COTInetwork) August 30, 2022
Under the partnership, COTI will integrate Djed as a payment option on Jara Network, an Open Finance Portal that allows access to financial services for emerging markets.
Integrating Djed as a payment option will enable the project to bridge the gap between centralized finance (CeFi) and decentralized finance (DeFi).
Commenting on the development, Abiola Shogbeni, Jara Network project lead, said:
“We resonate with Djed’s stable coin infrastructure and its approach toward frictionless international payments as it’s a critical need for Jara Network customers. We are excited to partner with Djed towards a common goal.”
Following the announcement, Jara Network now joins the list of projects willing to utilize Cardano’s algorithmic stablecoin as a payment method in exchange for their services.
“This partnership will ensure the proper utilization of Djed across the entire Cardano ecosystem and create an increased use-case for it across multiple platforms. Stay tuned for more updates,” COTI said in a statement.