Crypto-sizes work together on the System Celo

Celo starts, seemingly, with the clear aim to become a counter-proposal to Facebook’s Libra too. People without access to the financial system are the target audience.

Serious competition for Facebook Libra?

Libra is the Social Media platform as a Stablecoin to the proverbial big shot. The efforts of many States change little, their own digital currencies, such as China with the Digital-Yuan plan. Germany’s Blockchain-strategy, or other types of political resistance, as well as the withdrawal of some of the at times the interest of Express companies such as Visa and Mastercard to change little goals on Facebook. Now a whole squad of renowned crypto is to take the logs to the same word, the Libra want to oppose to an Alternative. Also for Bitcoin and Altcoins, the announcement could be for the competition. The new platform, concerned, listens to the name Celo. Not less than about 50 firms from the orbit of the Blockchain and crypto-currencies are current reports on Board.

Many well-known crypto-companies are participating in the network

The aim of the cooperation, explained: the inclusion of far more than five billion people in the world. “Financial Integration” is a key concept of the Alliance, which is behind the new Portal. Not only in Africa, there is a lack of access to the traditional financial system for countless people. In this case, should it go that’s why, in particular, to permit a System-access via your Smartphone. The list of companies involved reads like a “Who’s Who” of the crypto world. To the members of the network, among other things, the crypto stock exchange Bitcoin.com. Also, the company Coinbase Ventures is represented, the same applies to the Polychain, and the well-known Investor, Andreessen Horowitz.In addition, the model is different Blockchain-companies, and payment service providers.

Also various charities want to contribute. In the future, it should be enough to have their own phone number, to be able to from the so-called Celo-dollars make use of and to be part of the crypto world.

People in problematic regions of the world are the addressees

What is missing so far, are Details like which Partner to contribute to the development process. Use Cases, however, there is more than enough to crypto-currencies as a whole strengthened in a connection with the mobile radio to bring the sector and to make payments by Smartphone is possible. In addition, the cooperation network aims to promote strengthened the provision of micro-loans to advance. The collaboration shows once again that the Blockchain is ideal, in order to integrate all those who remain with the traditional financial system so far, and probably also in Libra is more of a minor role. In particular, humanitarian institutions are to benefit from Celo. Low fees and, as it were, fast and simple transaction models are distinguished by the Celo-Dollar, and the underlying System. The Name of the Association “Alliance for Prosperity” is an important pointer for the orientation. Maybe there will be even more successful competition for Ethereum, or Libra.