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FAQ
Frequently asked questions
CELO platform aims to bring financial services to people who are underbanked or unbanked. CELO’s worthwhile proposition lies in its focus on financial inclusion and its aim to bring economic empowerment to people who are currently excluded from the traditional financial system. By providing a secure and user-friendly platform for financial services, CELO aims to make it easier for people in developing countries to access the financial tools and resources they need to improve their financial well-being. Additionally, the CELO platform is designed to be highly scalable and flexible, which allows developers to build and deploy a wide range of financial dApps quickly and easily. This could lead to a vibrant ecosystem of financial services built on the CELO platform, which could increase demand for the CELO cryptocurrency and drive its value higher over time.
PayPal as a payment platform is secure, easy to use, and fast to finalize. Its main advantages rely on security as it gives an extra level of fraud prevention. It also encrypts your bank or credit card information to keep it safe.
Celo’s main network was first introduced in April 2020 by Sep Kamvar, Rene Reinsberg and Marek Olszeuski. Celo consists of a group of well-known international organizations, including the World Bank, Google, Harvard University, Visa, MIT, the United States Department of Justice, and Cambridge University. Many independent institutions also play a role in the preservation and development of Celo. Along with the launch of this platform on the main network, there is also a Celo Foundation that helps the growth and development of this platform as a non-profit organization.
Digital currency traders do not have to pay fees for their transactions using the PayPal payment system. Also, digital currency users can convert their digital currency balance to fiat currency easily and without additional costs. Plus, no exchange fees are charged for cryptocurrency transactions on our exchange.
By using phone numbers as public keys, CELO hopes that the world’s billions of smartphone owners, including those without banking access, will switch to using this digital currency.
With a verified PayPal account, you can send up to $60,000 per transaction. You’ll also have no limits on how much money you can send from your account overall. There’s also a standard limit of 30 transactions per day.
