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COTI Introduces Bank Accounts And VISA Debit Cards By DailyCoin

by Mike Robinson

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COTI Introduces Bank Accounts and VISA Debit Card Cards

COTI is happy to announce the availability of VISA bank accounts and debit cards from VISA. Simplex has made these financial tools accessible to all.

COTI has changed the way that people think about financial products and services. COTI allows users to access a wide range of financial services and products by opening a VISA debit card and establishing a bank account. These new services can also bridge the gap between crypto assets and fiat currencies. Simplex is one of COTI’s key partners.

COTI describes itself as an provider of crypto-friendly bank accounts. You can create an account by using your name and get an IBAN. This IBAN allows you to keep fiat currency balances. These balances are then available for use at all merchants accepting VISA payment online or offline.

This banking program is in the process of being redesigned and will become part of COTI Pay Business for merchants. As the adoption of these solutions increases, so too will the rewards for COTI’s token stakers.

These features will be included in the initial rollout version:

  • An IBAN is required to open a new account in a bank.
  • Ability to purchase a COTI visa (NYSE) debit card
  • Use the VISA debit card to convert crypto into fiat.
  • The card must be activated and you will receive a PIN number. This code allows you to view balances and make transactions.
  • You can withdraw cash from ATMs in SWIFT or SEPA areas.
  • The account can be topped up with crypto assets like SWIFT, SEPA and SWIFT as well payment cards.

Future COTI cards will include additional features, benefits, loyalty-based plans and VIP card models. The card can be integrated into COTI Pay and users will have the ability to buy/sell cryptocurrency directly through the VIPER wallet account.

The COTI VISA debitcard is available only to EU/EEA residents, but can be used globally. COTI’s team is working hard to ensure a rollout to other regions over the coming months. In the initial round, 3,000 cards are sent. An additional 5,000 cards will soon be available.

Furthermore, the blockchain will become home to a new stablecoin with the help of COTI, which acts as the network’s payment gateway provider. The Djed current (or the new one) is DeFi-focused. It uses smart contracts and an algorithmic design to maintain price stability. Djed Research Paper confirms that this protocol is capable of buying and selling stablecoins independently without any price target.

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