Binance Pay, the payment solution of the world’s largest crypto exchange Binance, has added support for COTI. Binance Pay users can now make, receive and send payments using COTI. With the positive atmosphere in the market, the price of altcoin increased with the effect of the news.
Binance Pay adds support for COTI, altcoin price soars
Binance Pay, the crypto payment solution from cryptocurrency exchange Binance, has added support for COTI. COTI Network, a DAG-based Tier 1 platform, announced the development today. With Binance’s support for COTI, Binance Pay users can now send, receive and pay with COTI. Regarding the development, COTI made the following statement:
We are happy to announce that Binance Pay now supports COTI to enable unlimited crypto payments! This will allow millions of Binance users to pay, receive and pay at COTI.
The announcement had a slight impact on the price of COTI. Minutes after the announcement, the price of COTI increased by 4%, according to CoinMarketCap data. At press time, COTI is trading around $0.1063.
COTI daily chart / Source: CoinMarketCapBinance Pay adoption is growing
Investors see COTI’s integration into the Binance Pay platform as a positive development for the cryptocurrency. Binance Pay is widely accepted by various businesses around the world. As Cryptokoin.com reported last month, a leading Ukrainian supermarket has partnered with Binance to accept cryptocurrency payments via Binance Pay. Similarly, Majid Al Futtaim, a Dubai-based top retail conglomerate, signed a partnership agreement with Binance earlier this year to enable 29 malls and 13 hotels to accept crypto payments.
Meanwhile, there are other big companies that have partnered with Binance to use the service. These include Travala.com, ShopDutyFree, Shopping.io, Egycards, Alchemy Pay etc. is located. Also, Binance Pay supports ADA, BNB, BTC, DOGE, DOT, ETH, LINK, LTC, MANA, MATIC, NEO, TRX, TUSD, UNI, USDC etc. It supports more than 50 cryptocurrencies such as According to experts, Binance Pay’s support of COTI will increase the adoption of cryptocurrencies for payment purposes. Also, in addition to using COTI for payments, Binance Pay users can also send crypto to their loved ones.
COTI’s financial skills
The developers designed the COTI Network specifically for businesses as a DAG-based Tier-1 network COTI develops useful solutions to make a positive contribution to the global financial system. Meanwhile, his efforts in the financial sector do not go unnoticed.
Additionally, the company has been selected by IOG as the official issuer of the Cardano stablecoin, Djed. Since the announcement, COTI has collaborated with top companies to promote Djed adoption.
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