Cardano set to launch ADA payment gateway in collaboration with COTI – Cardano News

The Cardano Foundation is geared up to launch an ADA payment gateway in collaboration with COTI. The platform will allow merchants from all over the globe to accept payments in ADA as it will initiate instant settlement into 35 different fiat currencies. The traders can easily use an adaPay button or a QR-based point of sale system.

The Cardano Foundation has partnered with an enterprise-grade fintech platform COTI to release an ADA payment gateway, which will assist the merchants from all over the globe to accept payments in ADA as it will allow instant settlement into 35 different fiat currencies.

The launch is scheduled for November. The CEO of COTI has stated, “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 of 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.”

In addition to this, the traders will be able to implement Cardano and COTI’s payment solution easily to their network by utilizing the adaPay button or a QR-based point of sale system.

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Saloni Sheelwant
Saloni Sheelwant treasures to research and write about the new startups and technologies thriving at a very fast pace.

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