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Cosmose AI Collaborates with Near to Establish Cryptocurrency Payment System for Low Transaction Fees

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According to reports, Cosmose AI has announced that it is collaborating with Near, one of the blockchain protocols competing with Ethereum. The two are establishing a payment syste

Cosmose AI Collaborates with Near to Establish Cryptocurrency Payment System for Low Transaction Fees

According to reports, Cosmose AI has announced that it is collaborating with Near, one of the blockchain protocols competing with Ethereum. The two are establishing a payment system that allows users to shop in cryptocurrency at low transaction costs, saving money for both buyers and sellers. As part of the partnership, the Near Foundation, a non-profit organization that supports the development of the protocol ecosystem, has made strategic investments in Cosmose. The amount of this round of financing has not been publicly disclosed, increasing the company’s valuation from $100 million in the 2020 A-round financing to $500 million.

Near Foundation completes strategic investment in Cosmose

The partnership between Cosmose AI and Near protocol is set to revolutionize the shopping experience with the introduction of a payment system that accepts cryptocurrency. According to reports, the collaboration aims to offer users an affordable and efficient mode of payment while saving money for both sellers and buyers with reduced transaction fees. As part of the new partnership, the Near Foundation, a non-profit organization supporting the development of the protocol ecosystem, has also made strategic investments in Cosmose.

Overview of the Cosmose AI and Near Protocol Partnership

The new partnership between Cosmose AI and Near protocol is expected to provide a seamless cryptocurrency payment system for users. The platform aims to integrate Near’s blockchain technology with Cosmose technology to provide an efficient and secure mode of payment for users. The collaboration comes after the Near Foundation made strategic investments in Cosmose, thus increasing the company’s valuation from $100 million during the 2020 A-round financing to $500 million.

How the Payment System Will Work

The Cosmose AI and Near protocol partnership will facilitate the use of cryptocurrency as a mode of payment, eliminating the need for third-party intermediaries such as banks. The system will allow buyers to pay for goods and services using cryptocurrencies, including bitcoin, ether, and Near, among others. This means that customers can make instant payments without worrying about transaction fees involved in traditional payment systems.

Advantages of the Cosmose AI and Near Protocol Payment System

The Cosmose AI and Near protocol payment system have several advantages, including low transaction fees and security. The system ensures that users’ privacy and data are protected through Near’s blockchain technology, which enables secure transactions. Cryptocurrency payment systems also eliminate the need for intermediaries such as banks, saving users time and money in the transaction process.

Cosmose AI’s Future Plans

Cosmose AI plans to embark on ambitious projects in the future after the successful collaboration with Near protocol. The company intends to expand its reach and improve user experience by offering innovative solutions for the retail industry. The future projects include incorporating artificial intelligence technology to enhance shopping experience and reduce checkout time.

Conclusion

In conclusion, the collaboration between Cosmose AI and Near protocol is a positive initiative for the retail industry, marked by the introduction of a cryptocurrency payment system that saves users time and money. The payment system is secure and efficient, providing a transparent payment option for users. Cosmose AI is poised for future growth, with plans to incorporate artificial intelligence technology in its retail solutions.

FAQs

Q: Which cryptocurrencies will the payment system accept?
A: The payment system will accept various cryptocurrencies, including bitcoin, ether, and Near, among others.
Q: Will users be charged transaction fees?
A: Users will incur low transaction fees due to the elimination of third-party intermediaries.
Q: What are Cosmose AI’s future plans?
A: Cosmose AI’s future plans include expanding its reach and improving user experience by introducing innovative retail solutions, including artificial intelligence technology.

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