Israel Chooses COTI for CBDC Pilot, COTI Price Surges

• COTI’s selection for Israel’s CBDC project boosts its status alongside PayPal and Fireblocks.
• COTI’s 8.19% price increase, driven by a 950.61% volume surge, signals strong market interest.
• Breakout with strong bullish candle suggests COTI may see a two-fold increase soon.

COTI, a blockchain network focused on payments, has been selected by the Central Bank of Israel to participate in its Central Bank Digital Currency (CBDC) pilot project.

COTI will take part in the Central Bank of Israel's #CBDC project alongside giants like @PayPal and @FireblocksHQ

This is a major milestone for COTI as it positions itself as a leader in the CBDC market!

Read more: https://t.co/OQrQ5YKqtt

1/3 pic.twitter.com/5YFxqJ595D

— COTI Foundation (@COTInetwork) July 23, 2024

This collaboration places COTI alongside established financial players like PayPal and Fireblocks, marking a significant step forward for the blockchain network in the global financial landscape.

As noted by analyst Dan Gambardello, the only blockchain network chosen, COTI is poised to play a crucial role in shaping the future of digital currencies issued by central banks.

This is some insanely big…

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