Community Trust ScoreVerified
Celo: Just how is Celo making financial dApps and crypto payments accessible to anyone with a mobile phone? Celo’s quick guide is your answer. Learn about the features of the platform-native assets and stable coins allowing users to reimagine the future of money.
Richard Parsons, “With 6B phones around the world, CBDCs are available to each and every one – “putting a currency into the hands of people to enable them to access the [financial] system with less cost and more inclusivity.”
Provo is a new way for central banks to safely and securely explore central bank digital currencies. With Central Banks looking to test, iterate and future-proof the global financial system, Provo will be making it possible for financial and regulatory authorities to test central bank digital currency (CBDC) designs and implement mechanisms in permissioned and/or permissionless, risk-free environments on the Celo platform.
For clarity the Celo guide states the following: “Celo is a mobile-first, carbon-neutral blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone–bringing the powerful benefits of DeFi to the users of the 6 billion smartphone subscribers around the world.
With its interoperability, cross-chain compatibility and vision for inclusivity, Celo enables native and non-native digital assets–both private and public)–to circulate freely, at extremely low costs and high speeds, across devices, carriers, and countries–making money mobile, global and accessible like never before.
Celo’s mission is to build a financial system that creates the conditions of prosperity—for everyone.
5s Average block time. Carbon Offset 65.7 Avg Tons Per Month. Average Network Transaction
Fee <$.01.
Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.
Celo is turning crypto into usable money with a multi-asset system: a utility, governance, and staking asset (CELO) and a growing family of stablecoins named for the currencies they algorithmically follow (e.g., cUSD, cEUR.)
An EVM-compatible solution capable of reaching billions of global users at scale, Celo’s technology supports 1000+ projects from builders, developers, and even artists who everyday launch new applications and issue digital currencies from everywhere in the world usable by anyone in the world with a desktop computer or mobile phone.”
Community Response: I like Celo, go to moon. Where is the moon? Only see the k-line dropped by the volcanic eruption.
