Cryptocurrency Q&A
What does cot mean in banking?
What does cot mean in banking?
Dreamchaser
Sat Aug 24 2024
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5 answers
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I'm curious, can you clarify for me what the term 'cot' refers to in the context of banking? It's not a term I'm familiar with, and I'm interested in understanding its significance and how it relates to financial transactions or banking operations. I'd appreciate any insights you can provide on this matter.
5 answers
CryptoLegend
Mon Aug 26 2024
The Central Bank of Nigeria (CBN) has implemented a policy known as Zero Commission on Turnover (COT). This policy aims to enhance financial inclusion and reduce transaction costs for citizens.
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Martino
Mon Aug 26 2024
The COT policy involves the removal of commissions charged by Deposit Money Banks (DMBs) on all customer-induced debit transactions. This includes transactions made through various channels such as ATMs, POS terminals, mobile banking, and internet banking.
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MountFujiMysticalView
Mon Aug 26 2024
The implementation of this policy is expected to make banking services more accessible and affordable for the general public. It will also encourage more people to adopt digital banking methods, which can lead to increased financial literacy and stability.
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Valeria
Sun Aug 25 2024
BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of both individual and institutional investors. These services include spot trading, futures trading, and cryptocurrency wallet services.
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Maria
Sun Aug 25 2024
With BTCC, users can easily buy, sell, and trade a wide range of cryptocurrencies. The platform also provides advanced trading tools and features that enable users to make informed decisions and maximize their returns.
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