Categories: News

COTI can now be purchased via Apple Pay following Simplex integration

  • Simplex has added Apple Pay to its payment methods.
  • The integration means that users can now buy COTI via Apple Pay.

COTI, an enterprise fintech platform that enables organizations to build their own payment solution and digitize any currency, continues to diligently expand its ecosystem. Via a Medium post, COTI announced today that Simplex has added Apple Pay to the available payment methods, meaning users can now buy COTI via Apple Pay.

According to data from Statista, there were 507 million people worldwide using Apple’s digital payment service as of September 2020. In the U.S., the payment option is particularly popular, as 45% of Americans own an iPhone. With the integration, COTI is thus expanding its potential user base enormously.

In recent weeks, COT had already been able to report some significant progress. The Israel-based blockchain startup announced that it has launched the first decentralized Crypto Volatility Index (CVI). The solution aims to allow traders to profit from the volatility of the crypto market.

Traders expecting volatility to increase can open a CVI position and skim profits. Conversely, traders can profit from low volatility by providing liquidity to the platform. With the mainnet launch, COTI will also issue the GOVI token, the index’s native governance token.

In mid-December, COTI also announced the issuance of a COTI debit card and bank account in partnership with Simplex to allow users to spend cryptocurrencies in physical and online transactions. The debit cards will be launched first in Europe, then in the U.S., Asia, and later in Oceania and other regions. Commenting on the launch, COTI today revealed:

We are working closely with Simplex on the COTI debit cards and bank accounts. We will start working on the card design very soon. Stay tuned for upcoming updates.

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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