COTI

Ended
2018-06-01
2018-06-15

COTI

This is the company FinTech, which developed a basic protocol, known as Trustchain ™. The main objective of the project is the solution of technical problems related to other existing crypto-currencies and limiting their mass acceptance as payment means.

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Description
COTI, Currency of the Internet, spearheading the mass adoption of digital currencies

COTI is a FinTech company that has developed a base protocol, known as the Trustchain™, which 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.

The consumer-merchants 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. COTI network users can expect low-to-zero fees, full buyer-seller protections, a robust Trust Scoring Engine and decentralised Mediation System.

What problem does Coti solve?
While digital currencies like Bitcoin promise lower transaction fees and higher approval rates, they face scaling challenges and low rates of adoption. Moreover, they are not equipped to deal with the safeguards that consumers and merchants have grown accustomed to.COTI is built from the ground-up to address payments use cases.

It takes a sophisticated behavioral approach to address the absolute necessity of having a provision for mediation, adding a trust layer that incentives honest, trustworthy conduct on the part of network participants.

Merchants using us will enjoy a better bottom line since they’ll be able to process more transactions and to pay less fees. Consumers using COTI will have a great user experience, mixing the best of traditional payments with the best of digital currencies.

COTI innovated using DAG for payments, built a generative Trust Chains algorithm that is used to achieve consensus and has introduced the Mediators, to decentralize payments dispute resolution. COTI will be able to process 10,000 transactions per second, has signed an exclusive partnership with Processing.com to get access to over 10,000 merchants and applied for a DLT license in Gibraltar.

Our team includes veterans of the payments industry and Blockchain experts. Our team of advisors consists of the founders of Processing.com, former CEO of Investec bank, CIO of Blackrock and esteem group of professionals.

Merchants using us will enjoy a better bottom line since they’ll be able to process more transactions and to pay less fees. Consumers using COTI will have a great user experience, mixing the best of traditional payments with the best of digital currencies.

COTI innovated using DAG for payments, built a generative Trust Chains algorithm that is used to achieve consensus and has introduced the Mediators, to decentralize payments dispute resolution. COTI will be able to process 10,000 transactions per second, has signed an exclusive partnership with Processing.com to get access to over 10,000 merchants and applied for a DLT license in Gibraltar.

Our team includes veterans of the payments industry and Blockchain experts. Our team of advisors consists of the founders of Processing.com, former CEO of Investec bank, CIO of Blackrock and esteem group of professionals.

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