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Cardano Payments Will Be Accepted By Retailers And Merchants Throughout Africa

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COTI has collaborated with World Mobile to allow worldwide merchants and retailers to accept Cardano (ADA) as payment for products and services.

The payment endeavour will be carried out via COTI’s ADA Pay and will be launched in Africa first, with intentions to spread the service to other developing regions later, according to a blog post by COTI.

Businesses connected to the World Mobile network will be able to use the ADA Pay platform to accept Cardano payments as part of the cooperation.

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COTI’s Head of Business Development, Yair Testa, commented on the development:

“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.” 

In addition to the option to utilize ADA for payments, COTI announced that it will integrate DJED, a Cardano-based stablecoin, into the World Mobile ecosystem.

Since its launch in April 2021 on the Cardano Shelly mainnet, ADA Pay has been used by a number of non-governmental organizations (NGOs) and charities, with over 100,000 ADA in donations processed.

Charles Barnett, World Mobile’s Chief Business Officer, will play a key role in promoting a better and more connected tech-savvy Africa, saying:

“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.”

COTI is still prepared to encourage cryptocurrency use in payments, notwithstanding the growing number of user actions on Cardano.

Last year, payments giant Flexa added ADA to its list of supported cryptocurrencies, potentially allowing the coin to be used in payments by over 40,000 businesses in the United States.