Some brushstrokes about the Celo financial development project
Can you imagine a world in which we do not need any bank to send, pay or take money? Stop imagining it because it is what is happening right now in the Celo Project
We are witnessing the birth of a new distributed financial system without intermediaries, where services will be more fluid and cheap for all.
let’s see main features…
Mobile First
Leave your money and credit cards at home, celo is designed to make payments with your mobile, no need for bank account.
You can use applications like Valora or Celo Wallet to perform transactions directly from cell phone to cell phone.
No wallet no cry(pto)
Forget the long series of numbers and numbers, with the PIN of your mobile post to access your money.
Stable backup with CUSD and CEUR
In addition to the native token, Celo has two currencies that follow the Dollar and Euro parity respectively, used to pay for monetary transactions. The collateral of these coins corresponds to a cryptocurrency fund that you can see in https://celoreserve.org
What does the future hold?
The number of projects, alliances, platforms, developments of the Celo ecosystem is continuously growing, let’s quickly see some of them …
Maybe the fastest network
With the alliance of Mysten Labs, a leading company in distributed systems, programming languages and experts in cryptography, we will attend a series of innovations that can boost the blockchain, increasing its performance and scalability. This will reduce transaction fees and allow new cases of use for the Celo blockchain. (+info).
Defi for the people to change the world
CELO’s initiative that consists of a collaboration of global cryptographic organizations collaborating with the common goal of bringing DeFi to the 6 billion mobile users around the world. (+info)
A great alliance for a great goal
The Alliance for Prosperity is another initiative whose mission is to improve financial inclusion and create prosperity for citizens of all parts of the world who have traditionally been excluded from the financial system.(+info)
