Celo -The Cellphone Cryptocurrency Payment System

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ThePartTimeEconomist
ThePartTimeEconomist
09 Mar 2021

Celo is a cryptocurrency that wants to make financial services available to anyone that has a mobile phone. One of Celo’s main goals is to make it possible to send cryptocurrency to anyone simply by using their cell phone number. In theory, this would make using cryptocurrency much easier and accessible to a wider range of people and is an exciting prospect. As exciting as this concept is, it's also important to be aware of the potential drawbacks and risks of the system. In this video, we will briefly discuss the Celo cryptocurrency, how it functions, some of its potential shortcomings, and compare it to other payment methods.

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