- Cardano paired up with COTI to bring ADAPay Payment gateway solutions for merchants.
- ADAPay can be integrated into the merchant’s website for accepting payment in ADA with instant payment settlement into 35 fiat currencies directly into the bank accounts.
- Consumers can pay either with adaPay button or a QR-based point of sale (PoS) system.
Cardano and COTI have collaborated up so that consumers can pay through ADApay directly from Merchant’s website, a new solution allowing merchants to accept ADA with a near-instant settlement into 35 fiat currencies directly into their bank accounts.
COTI is an enterprise-grade fintech platform built in its own DAG-based chain for cross-chain interoperability. COTI Pay a holistic digital payment solution that supports extreme scalability and low transaction costs with payment-specific requirements. COTI pay offers enterprises and merchants with custom payment methods and platform to build their own payment networks.
The solution leverages COTI’s Universal Payment Solution to power ADA Payment Gateway for real-time payments settlement capabilities and allowing merchants to receive instant access to funds, as well as detailed information about the transaction. UPS will not only work to process digital currency payment but also provided added support system of traditional payment processors and it will extend the use case of the token on another extend.
“We are pleased to team up with the Cardano Foundation in building a unique payment solution for merchants seeking AdAPay checkout functionality. We have a lot to the mutual trust and support between the Cardano ecosystem partners and COTI. This joint effort is one of the first steps we are taking in delivering a truly universal payment solution and expanding the COTI tech stack beyond our own ecosystem. The ways people exchange value is changing for the better, and the future is looking more promising for payments.”
– Said Shahaf Bar-Geffen, CEO of COTI.
The solution developed by COTI will simplify the accepting and settlement of payments and will enable merchants to manage the transaction in real-time by easily integrated directly into merchant’s website with either an adaPay button or a QR-based point of sale (PoS) system.