COTI Partner’s With Simplex To Provide Visa Debit Cards for Its Customers

COTI Partner's With Simplex To Provide Visa Debit Cards for Its Customers
  • The project team said that they would spread this solution globally.
  • The first line of defense for COTI price is at $0.585.

Innovators may now use COTI’s blockchain platform to create their payment solutions. COTI stated earlier this month that they would launch a new Cardano stablecoin.

These new services will ease consumers’ access to the financial system. This will connect FIAT and digital assets. Clients may establish an IBAN account and obtain a COTI Visa Debit Card. They may use conversion of crypto to FIAT to spend everywhere.

Cash withdrawals from SWIFT and SEPA ATMs will be accessible, as well as cryptocurrency asset filling up. This card will be integrated into COTI Pay, along with additional features and loyalty-based programs.

However, COTI stated it would release these cards in two waves. Three thousand cards will be given out initially, with 5,000 more a month later. The project team said that they would spread this solution globally. Currently, this only applies to EU and EEA residents.

All Set For a 45% Gain

On the daily chart, COTI price created a cup-and-handle pattern with an 80 percent rise after slicing above the breakout mark at $0.473. Furthermore, this means the token will be worth $0.785 by the end of October, making it a good buy.

Moreover, the first line of defense for COTI price is at $0.585, then at $0.548. Support may be found at the September 26 low of $0.499 before reaching the cup-and-handle pattern’s breaking point at $0.473.

Furthermore, closing over the immediate support level at $0.585 may bolster bull confidence, causing the COTI price to surge to $0.870, a 45 percent gain. According to CoinMarketCap, the COTI price today is $0.601121 USD with a 24-hour trading volume of $261,543,731 USD.

Recommended for You

A trader himself, Rossi has 7 years of experience trading in the forex market and the passion for writing has brought him to Newscrypto. He is the perfect combination of market knowledge and writing skills, making him one of the most sought-after writers on cryptocurrency.