Crypto currencies such as Bitcoin, Ethereum have enjoyed the growth in popular interest and adoption, while blockchain technology has been been used in various cases, including supply chain management and decentralised health records management.
The market size of consumer payment industry, dominated by Visa and Mastercard, is 2 trillion dollars.
However, the cryptocurrency has faced fundamental challenges, such as low transaction volume and expensive fee, which has caused a lower popularity.
COTI (Currency of the Internet) project would manage issues in the blockchain-based online payment system by using its trust-based algorithms and related technologies.
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