Setting Aside The Old System Of Making Payments

I'd consider it next to impossible if someone had to say that they are frequent users of the internet but they didn't come across the word bitcoin or crypto-currency during the last quarter of the past year. Crypto-currencies, especially bitcoin saw a whooping increase in their value during that period and became an irresistible asset to the world. News papers, media website, social networks were all filled up with updates related to these currencies. Everybody wished to own them and make some profits but what they didn't know was that it was just the beginning of an era. By now, everyone might have probably forgotten about that time but the work to make those currencies an integrated part of our lives is going on at full pace.
One such initiative
People usually don't understand how to use those currencies in real life which keeps them away from it. They don't totally understand the concept of it because they deem it to be too tough for a common man. To let people believe in this idea of decentralized systems, blockchain and crypto-currencies, and make it available for all, Coti was founded. The team at Coti aspires to bring crypto-currencies to the masses in a way that is easy to be understood.
Ask anyone who has worked on the decentralized systems and you'll surely get to know that they really do believe that traditional systems of payments have become too obsolete and they aren't wrong about that and also their aim of replacing them with a new system. The payments methods we use today have a lot of issues such as low security and approval rates and high transaction fees. So, Coti wishes to set aside this old system of making payments by their own system which is fast, transparent, cost-effective and secure.
Until today, we have known that a high traffic leads to slower work on a platform but you'd surely be amazed to know that Coti being built on DAG helps generate not a negative but a positive relation between the number of users and the rate of transactions. They are also powered by crowd-sourced mediators just like Bitcoin miners who help in the settlement of transactions who will be rewarded with Coti's currency.
Their "to-do" list consists of launching their own exchange and wallet for everyone by November, 2017 and then making things even easier for people by launching their debit cards by the month of March, next year.
Behind the scenes
Shahaf Bar-Geffen is the CEO of Coti who has previously been a CEO of WEB3 that was leading multinational digital media solutions provider. With him he has Erol Hallufgil who is handling the work of research and software development. Next, we have Stav Perle who's the cryptographer of Coti. She has a vast experience of working in the research and development labs of IBM, Yahoo and Intel. Apart from them, they also have other great techies who know their work better than anyone else and are putting in their best to bring out the excellence of Coti.
The Coti Coin
The COTI token will be made available to all interested investors from 15th of June, 2018 where the price per COTI will be US$0.1. They haven't mentioned anything about the minimum investment as of now but have cleared that they'll be accepting payments for COTI tokens in the form of ETH and BTC only.
Am I excited?
Lead by young minds and backed by a great initiative Coti has high probability to turn into a success story. It would be great to see Coti turn each stone on its path and unleash newer aspects to economy. Not just for people willing to enter into a safer and faster way of transactions, Coti might as well prove to be an excellent match for investors willing to put their money in something that possesses the potential to soar high. So, yes, I am excited and now the question is, "are you?"
Website - https://coti.io/
Published by – Etheran

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