COTI

COTI is planning a future when digital currencies are a central part of people's lives, especially when it comes to our everyday transactions. Transaction space is very profitable - transactions worth about $ 50 trillion are processed annually. In this profitable space there are some drawbacks, and to be honest, this space has not changed much in recent years; This is a market run by banks and credit card companies. COTI lists some of these inefficiencies as transaction costs, low approval rates, high overhead costs and the fact that they do not help the non-banking population. The COTI team has put its views very high, the transaction market is extremely lucrative, and they are not only trying to take the market share they are trying to add to it, allowing non-banking populations in underdeveloped countries to be able to participate as well.
COTI is not the only project to see how profitable is the space for transactions, they will have competitors from both the digital currency space and from banks / credit card companies. Let's talk about how they can compete with all these projects and institutions. The concept of COTI is to create a decentralized and scalable payment network to facilitate effective global trade.
This mediation system also allows for effective and decentralized protection of the buyer or seller. This is another very expensive area for card networks, which they compensate for through higher commissions.
The token will be a utility token, COTI is defined from a legal point of view, that's for sure. Like most projects, the token will give you advantages when using it in your system and another currency, and will also be the only form of currency that can be used in certain transactions.
Reliability - COTI will use independent intermediaries to achieve reliability. There will be a group of mediators who will not know other solutions, thus creating a system that is truly honest and effective. This is a big problem for card networks when it comes to cross-border payments - coti plans to take advantage of this. COTI is planning a future when digital currencies are a central part of people's lives, especially when it comes to our everyday transactions. Transaction space is very profitable - transactions worth about $ 50 trillion are processed annually. In this profitable space there are some drawbacks, and to be honest, this space has not changed much in recent years; This is a market run by banks and credit card companies.

The concept of COTI is to create a decentralized and scalable payment network to facilitate effective global trade. This is a very bullish segment for this project. COTI is partnering with Processing.com, which will truly act as a launching pad for deployment and will allow us to implement a fantastic path for adoption. Processing.com is an organization that works with merchants, helping them to facilitate payments in more than 160 currencies spanning 5 continents, and already has a network of more than 10,000 sellers. Processing.com acts as a gateway for merchants to easily and securely accept payments via the Internet, offers fraud protection, return management, real-time reporting, traffic analysis and accepts all major credit cards. This partnership means that COTI will be offered in Processing.com as a means of payment, making the crypto currency even more viable, as a daily mode of payment. COTI will also offer to approved sellers the cost of COTY at a rate of $ 1,000 in their wallet as a method of remuneration for merchants accepting COTI.
Useful links about the project:
Website http://coti.io/
Whitepaper https://coti.io/files/COTI-technical-whitepaper.pdf