COTI is a FinTech company that has developed a base protocol, known as the Trustchain™, which aims to address technical challenges plaguing other existing cryptocurrencies and limiting their mass adoption as means of payment. It includes consumer wallets, merchant processing tools and a digital currency exchange facility.
The consumer-merchants payments industry is estimated to be a two trillion USD market however, it has been monopolised by Visa and MasterCard for the past 40 years. Nowadays, each transaction goes through 6-8 middlemen, each collecting a fee and potentially being a point of failure.
COTI aims to address such shortcomings by combining the best of traditional payment methods with the best of traditional currencies. COTI network users can expect low-to-zero fees, full buyer-seller protections, a robust Trust Scoring Engine and decentralised Mediation System.
COTI's team includes top management and R&D talent, veterans of the financial industry and blockchain experts. Our team includes Steven Heilbron (former CEO of Investec Bank UK), Dr. Matthew McBrady (former CIO of Blackrock), the founders of Processing.com and early investors in Twitter, Square, Coinbase, Ripple.
COTI is building a base protocol that is built for payments from the ground up.
Merchants using us will enjoy a better bottom line since they'll be able to process more transactions and to pay less fees. Consumers using COTI will have a great user experience, mixing the best of traditional payments with the best of digital currencies. COTI innovated using DAG for payments, built a generative Trust Chains algorithm that is used to achieve consensus and has introduced the Mediators, to decentralize payments dispute resolution. COTI will be able to process 10,000 transactions per second, has signed an exclusive partnership with Processing.com to get access to over 10,000 merchants and applied for a DLT license in Gibraltar. Our team includes veterans of the payments industry and Blockchain experts. Our team of advisors consists of the founders of Processing.com, former CEO of Investec bank, CIO of Blackrock and esteem group of professionals