The team at Celo introduces a new utility token that answers all the pain points of older cryptocurrencies. This stable coin is a mobile-first token that allows you to pay with ease.
Crypto currency is becoming more and more mainstream. With the Advent of NFTs and tokens being accepted as payments for real-life tangible assets, there is a real drive to use them more efficiently.
We believe that cryptocurrency is the future of trading, and Celo has made it easier for you to use, especially with your phone.
That’s why we’re excited to announce that the team at Celo has recently integrated with PayU, one of the largest payment providers for emerging markets. The first purchase of its kind, the alliance allows this stable coin, cUSD, to be traded and accepted as payment by over 450,000 merchants and retailers across the globe.
The new collaboration solidifies its position as a safe up-and-coming scalable cryptocurrency. In the attempt for mass adoption, they have taken every effort to simplify the processes so that anyone, whether you’re a beginner investor or an experienced trader, can use this digital token with ease.
According to the latest financial data, many people are still wary of cryptocurrency, citing a lack of knowledge as the biggest reason why they do not invest in it. Bitcoin and Ethereum, the two most traded cryptocurrencies, are still considered to be high-risk investments, with little assurance of their adaptability amid the fluctuating financial market.
They address these issues by being a next-generation stable coin powered by blockchain technology. The goal is to overcome the volatility challenges of other cryptocurrencies by offering better transparency, reduced transaction times, and near-instant trading. Further details can be found at https://celolaser.com/do-more-with-your-crypto-beyond-the-buy-and-sell-buttons
Celo's first stable coin, the Celo Dollar (cUSD), was launched in June 2020 and enables you to send and receive money from a mobile phone without a tied bank account for a minimal fee. To maintain its stability, cUSD is supported by a reserve of crypto derivative products, including CELO, the company’s native asset.
This added layer of protection means that you can openly trade your digital coins as you would with traditional banking, except through a decentralized platform. The stable architecture makes it a mobile-friendly blockchain, particularly designed for faster and lighter transactions.
Celo decentralized currency is also resistant to inflation and offers you a stable and reliable way to protect your assets for the next few years and even in the long term. The stable coin helps you avoid the erosion of your savings through a highly adaptive, open-sourced digital wallet.
Invest in and trade your cryptocurrencies with ease with Celo stable coin. Go to https://celolaser.com so you can learn more.
Disclaimer: The information provided on this page does not constitute investment advice, financial advice, trading advice, or any other sort of advice and it should not be treated as such. This content is the opinion of a third party and this site does not recommend that any specific cryptocurrency should be bought, sold, or held, or that any crypto investment should be made. The Crypto market is high risk, with high-risk and unproven projects. Readers should do their own research and consult a professional financial advisor before making any investment decisions.
