World Mobile’s services will generate transactions to be settled in both the settlement layer (Cardano’s public blockchain) and in the WMC layer (World Mobile Chain, effectively working as a side chain of Cardano).
With its first use case in East Africa, the aim of World Mobile is to bring millions online over the coming years. There are obvious synergies between COTI and World Mobile. Both companies have a part in the Cardano ecosystem and share values of bringing the cutting edge of technology to those who need it the most, including the unconnected.
ADA Pay will be offered for African retailers and merchants connected to the World Mobile network. ADA Pay is already being integrated with various African NGOs and charities, and so far it has processed nearly 100,000 ADA in donations. COTI is happy to collaborate with World Mobile to offer solutions for developing areas in Africa and beyond.
In addition to the above, both companies are working on ways to integrate DJED into the World Mobile Ecosystem.
Charles Barnett, Chief Business Officer of World Mobile said:
“We are proud to announce our partnership with COTI. The collaboration between our projects will lead to a better connected and tech-savvy Africa, with crypto mass adoption at the forefront. The solution works, and World Mobile is proud to be able to partner with COTI to bring ADA Pay to the rest of Africa, and the world.”
Yair Testa, Head of Business Development at COTI said:
“We are happy to be partnering with World Mobile for such a good cause. We believe that this partnership will start with the integration of ADA Pay and has the potential to expand to the integration of Djed and $COTI. We are eager to watch the partnership grow”.
Founded with a far-reaching goal: to connect everyone, everywhere while advocating for economic freedom and dignity, World Mobile, unlike traditional mobile networks, is based on blockchain and the sharing economy. Local business owners in unconnected regions can operate affordable nodes on World Mobile’s network and bring their community online while sharing the rewards — World Mobile Tokens.
