COTI is getting ready for their upcoming hardfork which is the result of years of development. This hardfork will change the capabilities of COTI from a single token layer to a multi token layer. This is happening on the 2nd August with the test net followed by the main net going live 1 month later.
MultiDAG 2.0.
Coti becomes a multi layer token provider with this new hardfork and why they are about to change Crypto helping speed up adoption.
COTI announced earlier in the year that the Enterprise tokens will be launching in Quarter 4 and this will keep the timeline on track. The development with the various Enterprises has taken more than 2 years and this is the final piece of the jigsaw. This allows tokens to be minted instantly along with scalability and lower running costs as they are using the Coti infrastructure on the Trustchain along with multiple payment options.
Development and communication is key to any project succeeding as a well informed investor is a happy investor. Coti have been rolling out partnerships every single week that I can recall with the DJED (Cardano) stable coin and expect the Enterprise tokens once launched will have a similar impact.
We all know once competitors get wind of what the market is doing they will not be far behind and suddenly instead of 3 Enterprise tokens you have 50. This in many ways is a big step for Crypto as Enterprise tokens will be the first time many have handled any crypto.
Enterprise tokens will be minted on the Trustchain allowing companies to use their own branded token as a payment method for their customers. This bypasses the likes of Visa and Mastercard avoiding the gate keepers fees which have always been an added cost factor in most transactions. Companies like Amazon and Walmart would save Billions every year by moving to this and they will. Who knows if they are in the first batch as no one knows who the 3 Enterprise tokens are yet. Someone big as changing your payment methods incorporating Coti technology has taken the time so it has to be worthwhile financially.
This will allow businesses to take control of their own payment systems which is huge and bypasses the current system. Coti currently handles over $30 million per month in payments via various merchants using their payment facilities and expect this to do 100 x once this kicks off. This is one of the reasons why I have been investing into Coti and will continue to do so as profits filter back to the treasury and shared amongst those with stake via APR.
Businesses did not want to jump the gun and get into crypto before regulation and knowing they were not falling foul of any laws. This is giving the green light as Coti if you didn't already know is an official registered bank. Crypto regulation is around the corner and coming quicker than we all think and why Coti are moving ahead so quickly as they are on the inside.
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Dear @cryptoandcoffee, sorry to jump in a bit off topic but may I ask you to support the HiveSQL proposal?
It lost its funding recently and your help would be much appreciated to keep the HiveSQL service free for the Hive community.
You can do it on Peakd, Ecency,
Thank you for your support!
Done. No worries.
Thank you for your support, much appreciated!