• Latest
  • Trending
FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards

FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards

October 4, 2021
Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 18, 2023
What are distributed systems, and how do they work?

What are distributed systems, and how do they work?

March 18, 2023
Insane Bet by Balaji Srinivasan

Insane Bet by Balaji Srinivasan

March 18, 2023
The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

March 18, 2023
Friendliness Toward Crypto ‘Does Not Exist’

Friendliness Toward Crypto ‘Does Not Exist’

March 18, 2023
HappyMiner provides high-quality cloud mining services for passive income

HappyMiner provides high-quality cloud mining services for passive income

March 18, 2023
Sam Bankman-Fried to propose revised bail package ‘by next week’

Sam Bankman-Fried to propose revised bail package ‘by next week’

March 18, 2023
Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

Pro-Ripple Lawyer Slams Jim Cramer’s Faulty Bitcoin Advice as BTC Surges 36%

March 18, 2023
Metacade (MCADE)’s Price Explodes As Ripple (XRP) Price Predictions Falter

Monero’s XMR Price Falters As Governments Around The World Regulate Crypto. Metacade’s Presale Remains Unaffected.

March 18, 2023
  • Privacy Policy
Saturday, March 18, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto

FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards

J_News by J_News
October 4, 2021
in Crypto, Top News
0
FinTech Behind Cardano’s First Stablecoin Launches Bank Accounts And Visa Debit Cards
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter


COTI is set to launch bank accounts and Visa debit cards for its users. The company which is building the very first stablecoin on the Cardano blockchain is moving forward with new products to expand its service offerings to its clients. COTI had announced that it had partnered with Simplex to bring this project to the fore, which would enable users to operate bank accounts and debits cards on the platform.

COTI has long been working on being a bridge between the finance and crypto world. Its services marry traditional finance offerings with the cutting-edge technology that comes out of the crypto industry. The partnership with Simplex enables COTI to provide its users with crypto-friendly bank accounts and debit cards, which the users will be able to operate and spend globally.

COTI Brings Crypto To Banking

Using the COTI bank accounts and debit cards makes it easy for users to spend their crypto. The bank account provides easy conversion of the crypto to fiat, which can then be spent by the user. In addition to funding their accounts with crypto, users can also load up using swift, SEPA, and cards. This makes it easy for users to spend their crypto no matter where they are in the world.

Related Reading | EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption

The bank accounts also provide its users with IBANs and customers can withdraw funds from their bank accounts using SEPA transfers, SWIFT, and ATM withdrawals. With plans to allow users to buy and sell crypto directly from their accounts with the VIPER wallet currently in the works. The accounts are available to customers who reside in the EEA (European Economic Area) and in the U.K.

COTI debit cards are issued by Visa and so the cards can be used anywhere Visa cards are accepted. COTI plans to release its debit cards in more countries as time goes on.

Related articles

Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

March 18, 2023
What are distributed systems, and how do they work?

What are distributed systems, and how do they work?

March 18, 2023
ADA price recovers above $2.2 | Source: ADAUSD on TradingView.com

Releasing Cardano’s First Stablecoin

It was announced at the Cardano Summit which concluded last week that the foundation had formed a new partnership with COTI. This partnership will see the first stablecoin being created on the Cardano blockchain. Djed, a stablecoin that utilizes smart contracts, will be developed and released by the COTI Group as the first official stablecoin of the Cardano ecosystem.

Related Reading | Charles Hoskinson To Launch Three-Time Grammy Nominee Paul Oakenfold’s Album On Cardano

Djed will serve as an alternative way to pay transaction fees on the blockchain. As the first of Cardano’s decentralized finance (DeFi) protocols are set to debut on the network soon, using a stablecoin to carry out transactions will ensure that fee structures are transparent and more predictable for users. “I believe that adding the Djed stablecoin to the Cardano blockchain will significantly improve how transactions are settled on the platform,” said Shahaf Bar-Geffen, CEO, COTI Group.

A launch date is yet to be announced for the Djed stablecoin. But the COTI group will work in conjunction with the Cardano Foundation to bring this project to life on the blockchain.

Featured image from Forbes, chart from TradingView.com



Source link

ShareTweetShareShare
Previous Post

Fed Launching Digital Dollar Review, Hong Kong’s Central Bank Publishes Whitepaper on Retail CBDC

Next Post

KuCoin joins Huobi in closing down operations in China

Related Posts

Top 10,000 Bitcoin investors control one-third of the supply

Top 10,000 Bitcoin investors control one-third of the supply

by J_News
March 18, 2023
0

Key Takeaways Bitcoin is a decentralised asset, yet large amounts are controlled by a select few The top 114 addresses...

What are distributed systems, and how do they work?

What are distributed systems, and how do they work?

by J_News
March 18, 2023
0

For distributed systems to function, a task must be divided into smaller subtasks and spread over several nodes or computers...

Insane Bet by Balaji Srinivasan

Insane Bet by Balaji Srinivasan

by J_News
March 18, 2023
0

Vladislav Sopov Ex-Coinbase CTO and prominent angel investor Balaji Srinivasan betting (really) big on orange coin in short term Contents...

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

The Brave Browser Introduces a Revolutionary Way to Sell Crypto | by Crypto Beat | The Capital Platform | Mar, 2023

by J_News
March 18, 2023
0

The Brave browser’s new feature allows users to buy and sell crypto for fiat — including U.S. dollars, euros, and...

Friendliness Toward Crypto ‘Does Not Exist’

Friendliness Toward Crypto ‘Does Not Exist’

by J_News
March 18, 2023
0

Two days later, Santa Clara, California-based Silicon Valley Bank (SVB), a go-to institution for venture-backed tech startups, was taken over...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

The 7 Best New ICOs To Buy in 2023

New York Attorney General sues CoinEx over failure to register

The Economic Crisis of 2023. The Cause and the Effects | by Opal A Roszell | The Capital | Nov, 2021

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT