- On December 22, the COTI Group announced that users can now convert COTI Native coins into Euros.
- COTI crypto's one-day volume has skyrocketed as it gained investors’ attention.
- Launched in 2017, COTI was one of the first blockchain-based projects for decentralized payments.
The 'currency of the internet' or COTI cryptocurrency is gaining investors' attention after COTI Group said users can now convert their COTI native coins into Euros.
At the time of writing, the COTI crypto was up 27 per cent at US$ 0.41 per token. In addition, the 24-hour volume skyrocketed over 500 per cent to $243.9 million.
What is COTI and why is it surging?
COTI Group is a blockchain-based financial technology platform, and it offers financial products and services.
Launched in 2017, COTI was one of the first blockchain-based projects for decentralized payments. It was designed for enabling governments and businesses to issue their coins.
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The fintech platform claims to address the issues with traditional financial systems like fees, latency, and global inclusion & risks.
On December 22, the COTI Group announced that users can now convert COTI Native coins into Euros through the COTI bank account. In addition, users can use the converted amount to spend through the COTI debit card.
If you don't have an account already, you can set up an account with an IBAN and then order the COTI debit card powered by VISA.
Users can convert the coins into a fiat currency and spend it anywhere- online or in-store through the debit card.
COTI Group’s native utility token is the COTI crypto, and it has a circulating supply of 868.7 million tokens.
This cryptocurrency is currently trading 39 per cent lower than its all-time high (ATH) of US$ 0.67 per token. However, it was up 637 per cent in the last 12 months.
As COTI Group has a unique working model, the COTI crypto could attract investors in future, and it may cross the ATH sometime next year.