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$COTI Partners World Mobile to Allow Africans to Make Payments Using Cardano ($ADA).
$COTI has announced a partnership with World Mobile to enable global merchants and retailers to accept Cardano ($ADA) for the payment of goods and services.
The payment initiative will be conducted on $COTI’s $ADA Pay and will be initially rolled out in Africa, with subsequent plans to expand the service to other developing regions, $COTI said in a blog post.
$COTI and World Mobile are partnering up!
With this partnership, we will enable merchants and retails to accept $ADA payments, starting in Africa and expanding to all undeveloped areas.
Read more: https://t.co/g4Vv8xUwFD$COTI @WorldMobileTeam pic.twitter.com/yf3PDzXxel
— $COTI (@COTInetwork) February 17, 2022
Under the partnership, businesses that are connected to the World Mobile network can conveniently use the $ADA Pay platform to accept Cardano payments.
Commenting on the development, Yair Testa, Head of Business Development at $COTI said:
“We are happy to be partnering with World Mobile for such a good cause. We believe that this partnership will start with the integration of $ADA Pay and has the potential to expand to the integration of Djed and $COTI. We are eager to watch the partnership grow.”
Aside from the ability to use $ADA for payments, $COTI disclosed that it will also integrate DJED, a Cardano-based stablecoin, into the World Mobile ecosystem.
$ADA Pay, which made its debut on the Cardano Shelly mainnet in April 2021, has been adopted by various non-government organizations (NGOs) and charities, and ever since, over 100,000 $ADA in donations have been processed.
Charles Barnett, Chief Business Officer at World Mobile, will be instrumental in fostering a better and more connected tech-savvy Africa, adding:
“With crypto mass adoption as the main objective, World Mobile is proud to partner with $COTI to bring $ADA Pay to the rest of Africa, and the world.”
$ADA Use in Payment
Despite the growing number of user activities on Cardano, $COTI is still poised to further promote cryptocurrency use in payments.
Last year, payments giant Flexa announced the addition of $ADA to its list of supported cryptocurrencies, a move that could see the coin being used in payments by over 40,000 businesses in the United States.