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May 21, 2022
by Usha Yadav
London-based Charity Is Now Accepting $ADA Donations
COTI Group, a fintech business, stated that Track Academy, a London-based charity, has "integrated ADA Pay into their website, allowing them to take payments in $ADA." Former international athletes and coaches, mentors, teachers, business executives, and several highly motivated and passionate volunteers make up the Track Academy family.
It "assists disadvantaged young people in London to realise they are more than their circumstances, by assisting them in realising their full potential and developing as good members of their communities."
"The fees produced from ADA Pay transactions will be converted to $COTI and dispersed into the Treasury as user rewards," COTI is best known for its algorithmic stablecoin Djed (built on Cardano), informed readers.
As for the COTI, it said:
"We are pleased to provide the core components necessary to power such a critical and socially responsible use case for the Cardano ecosystem. We look forward to welcoming more organizations and merchants to the COTI ecosystem. "
The Cardano Foundation welcomed COTI as "a payment gateway provider for the Cardano ecosystem."
COTI will provide a simple and easy integrated payment gateway, called ADA Pay, for organizations, merchants, and charities looking to accept and manage ADA payments and donations directly.
Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.