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Thursday

22 April 2021

Cardano’s Cfund First Capital Goes to Israeli Fintech Startup Coti – Altcoins Bitcoin News

Cardano’s Cfund First Capital Goes to Israeli Fintech Startup Coti – Altcoins Bitcoin News


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This latest move to broaden cooperation between Cardano and Coti builds upon previous collaborations as the former seeks to upgrade its payment solution on top of the former’s expanding financial infrastructure.

This aim aligns with Cardano’s ambitions of affordably and instantaneously transferring value between parties, and the highly scalable throughput available from Coti’s platform provides an exceptional foundation.

To help the Cardano network upgrade its payment solution for the forthcoming Shelley mainnet launch, Cfund, the Cardano ecosystem venture fund, has made a strategic investment in Coti.

For Cardano, the value in embracing Coti’s solution lies in the opportunity to transparently and flexibly promote its native ADA token as a rapid payment method.

With Cardano’s native ADA cryptocurrency already popular, ranking as the sixth-largest token by market capitalization at the time of writing, greater transactional acceptance could expand the value of this network even further.

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