COTI is teaming up with Simplex to launch Visa debit cards and bank accounts to clients.
More so, COTI is the digital fintech platform to have it latest products provide Visa debit cards and bank accounts to users. Additionally, this new project will be in serious partnership sign the initiative is the financial institution Simplex.
COTI and New Projects
Furthermore, COTI aka. Currency Of The Internet a blockchain platform that allows organizations to build their own payment solution. The platform is expanding its product influence line.
Also, The project service will assist users to access the monetary ecosystem faster and better. For instance, it will serve as a bridge between fiat currencies and digital assets.
Additionally, Clients can also open a new bank account with an IBAN and order a COTI Visa debit card. Of course, there’s a feature that allows crypto to fiat conversion for global usage.
Notably, It will be possible to Withdraw Cash from ATMs, both in SWIFT and SEPA regions. Secondly, with also adding up the account with crypto assets.
For instance, The debit card will be integrated into COTI Pay. Assuredly, The blockchain platform notes other features integrations are coming on board.
Reports says that COTI will roll out the cards in two rounds. Firstly, sending out 3,000 cards during the initial one. Then, 5,000 more will be available a month after.
There will be distribution of services all around the globe, team assures.
COTI With Other Partnerships
Recently, the enterprise-grade fintech platform announced another collaboration. This time with Cardano’s stablecoin hub, Ardana.
The alliance ensured crypto-to-fiat payments aimed at the Cardano community, in addition to consumers and merchants worldwide. Shahaf Bar-Geffen – COTI’s CEO – confirmed the move:
“Today, COTI is doing its first steps in Defi over Cardano, which we believe will be huge…”
“…We are happy to collaborate with the remarkable team of Ardana to bring new Cardano Native Assets to ADA Pay and scale up our operations.”
Conclusively, COTI’s token price sees a rough spike of about 50%, hitting an all-time high (ATH) of $0.60. Also, This is another breakthrough record for the asset before falling back to $0.62 level.
