COTI announced that the VISA debit card and COTI bank account have arrived for the use of its users.
Since its inception COTI has been working with partner, Simplex to achieve this dream.
As explained in the latest announcement, bank accounts and debit cards play an important role as important components for the entire financial ecosystem around COTI, including providing an unlimited link between fiat and crypto.
For information, COTI is the first to be listed in this program and the COTI community is the first group to have a debit card, COTI Pay.
Here are the advantages that users will enjoy:
Open and have a bank account using IBAN (International Bank Account Number)
VISA debit card, COTI Pay
Convert crypto to fiat, and spend it worldwide with a COTI debit card either online or on -premises
Card activation, more secure PIN acceptance, balance checking and transactions
Withdraw cash from ATMs, Society for Worldwide Interbank Financial Telecommunications (SWIFT), and Single Euro Payments Area (SEPA)
A total of 3,000 cards will be distributed in the first round to those who register early. Meanwhile, for the second round, a total of 5,000 cards will be distributed in another month.
Those interested can apply on the official website of COTI-Simplex.
However, the VISA COTI Pay card offer is only open to the European Union and the United Kingdom (UK).
The news brought COTI to an all -time high (ATH), $ 0.67. At the time of writing, this asset is down 4.8% with a current trading value of $ 0.64.
