*Paid Advertisement. Not financial advice. RugDoc is not responsible for the projects showcased here. DYOR and ape safu.
Celo, a mobile-first blockchain platform, allows you to transfer value in crypto quickly from your smartphone. Celo network and its token aim to make cryptocurrency payments more accessible for the average investor, less expensive, and less intimidating for those who aren’t already invested in cryptocurrency. Even if you don’t have the Celo app, you can still send CUSD, though you will need to download it at some point to claim the funds.
With CELO, you can link your phone number to a cryptocurrency wallet that supports CUSD and CELO. A hash of the phone number gets stored on the blockchain, which ensures that any payments made to your phone number only go to you. Celo verifies your phone number using a series of authentication methods to finalize account creation. Celo charges a small fee to verify the phone number and you can connect multiple phone numbers to a single wallet address. Polychain Capital CEO, Olaf Carlson Wee, once described Celo as “the WhatsApp for money.”
Celo debuted on the cryptocurrency market in May of 2020. As a result, several major cryptocurrency exchanges, including Coinbase, have adopted the CELO token. CELO, currently in the top 100 largest cryptocurrencies measured by total market capitalization, has an overall market cap of more than $2 billion and an average daily trading volume of about $100 million.
Save my name, email, and website in this browser for the next time I comment.