COTI is better solution than Visa, Mastercard and PayPal!
The financial system brings a time of change, thanks to such projects as COTI.
Traditional payment systems have been at the top for a long time, but they have many shortcomings. Undoubtedly, Visa, Mastercard and PayPal are good, but there are better options.
The COTI project is a universal payment system that unites the best of the world of payments. In the image you can see the comparison table. And, as you know, COTI has no competitors in terms of capabilities.
COTI’s solution:
The Trustchain™ is a blockless payment system that is based on a DAG structure, which is highly scalable with low-to-zero fees and buyer-seller protections.
Trustchain™ aims to address technical challenges plaguing other existing cryptocurrencies and limiting their mass adoption as means of payment. It includes consumer wallets, merchant processing tools and a digital currency exchange facility.
COTI’s CEO recently shared his thoughts on how the COTI network will leverage its growing merchant base to amplify mass adoption of the platfor. He said that focus of COTI lies in sourcing the right products that consumers want and making COTI the best way to purchase them. To this effect, we have begun onboarding international merchants who are interested in an alternative way to process payments that is favorable to them. This means low-to-zeros fees, instant settlements, low rolling reserve requirements, buyer-seller protections and hedging services - the list goes on.
COTI effectively cuts out the middlemen, saving merchants over $200 billion every year. What’s more, merchants receive their money instantly instead of having their cash flows tied up for weeks in rolling reserves to account for chargebacks. Last but not least, COTI always works, unlike declined credit cards due to cross-border limitations that also fail to account for the two billion unbanked population.
The COTI project has the highest rating among all reputable rating agencies and ranks high across the top 10 ICO listing sites. The rating covers the pre-sale, financial figures, community influence and team proof.
Payments industry is estimated to be a two trillion USD market however, it has been monopolised by Visa and MasterCard for the past 40 years. Nowadays, each transaction goes through 6-8 middlemen, each collecting a fee and potentially being a point of failure. COTI aims to address such shortcomings by combining the best of traditional payment methods with the best of traditional currencies. And as I understand from the project it will be easy.
Also, it is very important that COTI's hedging services effectively take out the volatility issues experienced by major digital currencies. In other words, merchants who utilize the COTI network will not have to worry about Bitcoin-like 5 percent daily volatility.
COTI is welcoming of regulation and is pursuing DLT regulation, in addition to adhering to strict anti-money laundering (AML) and Know Your Customer (KYC) standards.
KYC (know your customer) and AML (anti money laundering) are two key elements of the current process of regulating financial transactions.
Since 1st January 2018, any firm carrying out by way of business, in or from Gibraltar, the use of distributed ledger technology (DLT) for storing or transmitting value belonging to others (DLT activities), needs to be authorised by the Gibraltar Financial Services Commission (GFSC) as a DLT Provider.
The project has a global significance, the promise of COTI is very high!
COTI is coming soon!
Go to the official COTI website: https://coti.io/ and get acquainted with the new currency of the Internet.
Social media of COTI:
https://t.me/COTInetwork
https://twitter.com/COTInetwork
https://www.facebook.com/COTInetwork
Good luck to all and see you later!