Partnership between World Mobile and COTI
We are proud to announce our partnership with COTI. Our mission is to connect everyone, everywhere with the core values of economic freedom, dignity and accessibility for all. Our mobile network will process all of its transactions in the settlement layer of the Cardano blockchain, as well as in the World Mobile Chain, a sidechain of Cardano.
COTI created ADA Pay, which allows merchants to accept ADA for their goods and services. COTI also created the stablecoin DJED, the first algorithmic stablecoin on the Cardano blockchain.
With this partnership, ADA Pay will be offered to retailers and merchants, and will allow its users to pay with ADA, starting with Africa and expanding to all undeveloped areas.
We will begin rolling out our network in East Africa and aim to bring millions of people online over the next few years. There are obvious synergies between our two companies. Both are major players in the Cardano ecosystem and share common values of bringing cutting-edge technology to those who need it most, including the unconnected.
ADA Pay will be offered to African retailers and merchants connected to the World Mobile network. ADA Pay is already being integrated with various African NGOs and charities, and so far it has processed nearly 100,000 ADA in donations. We are delighted to work with COTI to bring solutions to developing regions in Africa and beyond. Together with COTI, we are also working on ways to integrate DJED into the global mobile ecosystem.
Charles Barnett, co-founder and chief commercial officer of World Mobile said:
“We are proud to announce our partnership with COTI. Collaboration between our projects will lead to a better connected and technologically advanced Africa, with the mass adoption of crypto at the forefront. The solution works and World Mobile is proud to be able to partner with COTI to bring ADA Pay to the rest of Africa and the world.
Yair Testa, Business Development Manager at COTI, said:
“We are happy to partner with World Mobile for such a worthy cause. We believe this partnership will begin with the integration of ADA Pay and has the potential to expand to the integration of Djed and $COTI. We look forward to seeing the partnership grow.”
Author
Isaac Tan is a consultant at World Mobile and has considerable experience in the crypto markets. He has a background in stocks and later in crypto. He has provided analysis, advice and support to ultra-high net worth investors, stockbrokers and financial services professionals. Isaac has a deep understanding of digital assets, decentralized finance, and blockchain technology.
