CELO Coin is a payment-focused cryptocurrency launched by a US-based company. The statement released by CELO highlights that the project is designed and developed to make financial tools accessible to everyone, even through a mobile phone. The CELO platform is completely decentralized, programmable, and customizable.
What is CELO Coin?
Aiming to create a powerful ecosystem for institutions, validators, and developers, CELO strives to bring to life an open financial system where the entire community can grow and develop together. CELO Coin, as can be understood, is the cryptocurrency of this ecosystem and community. It is stated that the value of CELO Coin will increase as the community and its axis grow.
What is CELO Token?
The CELO token or coin is designed to be a currency that people can use instead of fiat money on a stable basis. Seen as a rival to Facebook’s famous Libra project, CELO actually demonstrated one of its advantages during the Covid-19 period. It is known that many people switched to digital payments instead of using physical money during the Covid-19 era.
Cryptocurrencies like CELO will also be usable from many mobile applications and soon-to-be-offered bank cards. On CELO’s website, CELO Coin is described and introduced as follows:
“With COVID-19, we understood the need for payment methods that would allow for the fixed and digital transfer of money to be contactless and faster. Thanks to payment solutions built on the Celo Platform, businesses can accept Celo Dollars both in-store and online, thus avoiding high credit card commissions. One of the first payment solutions that modernized payment systems for over 2400 small businesses and online sellers to easily accept crypto assets including cUSD was MugglePay.”
In addition, CELO will also provide instant credit support with CELO for those who use certain applications within the ecosystem. In this way, both centralized and decentralized finance are brought together.
So what exactly needs to be done to purchase CELO Token? The transaction can easily be carried out through Bittrex.
Where to Buy CELO Coin?
Those who want to purchase CELO Token can simply use Bittrex, one of the world’s largest cryptocurrency exchanges. Bittrex requires KYC, which is customer verification, for purchasing cryptocurrencies with fiat money. This means waiting for approval from the exchange after some personal information is transferred.
Users who do not want to go through this process can directly transfer cryptocurrency to buy CELO. It is seen that there are a total of four different trading pairs for CELO on the Bittrex exchange, which are listed as CELO/USD, CELO/USDT, CELO/BTC, and CELO/ETH.
In this context, it is anticipated that those who want to avoid using fiat money and do not want to be exposed to price fluctuations will opt for USDT.
CELO can easily be purchased on Bittrex using the USDT trading pair through the buying and selling page above. For purchasing, users simply need to enter the BUY section on the right and enter the price and amount they want.
