COTI, the world’s first blockchain protocol optimized for payments and stable coins, has just launched its TestNet. The move will bring enterprises, merchants, governments, decentralized payment networks and stable coin issuers that much closer to making digital currencies viable for everyday, mainstream use.
A number of companies will soon begin using COTI’s technology, including payment processors like Processing.com, top remittance companies such as Millenning, stable coins like Ormeus Cash (OMC), and countless others. Orme’s Trustchain integration will enable OMC to be accepted by merchants all around the world as payment for goods and services while bypassing the roadblocks experienced by traditional blockchain-based payment networks. The advantages for merchants are endless, including near zero fees, instantaneity, buyer-seller protections, improved cash flow, low rolling reserve requirements and regulation. Consumers also enjoy many benefits when paying with cryptocurrency at a merchant who uses the OMC POS, including instant payments, low-to-zero fees, ease of use, dispute resolution, privacy and more.
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