Celsius Network Announces its Mobile App CelPay to Allow users send Cryptocurrencies Without Fees or Keys
As we all know, the only thing holding back mass adoption of cryptocurrency is its clunkiness to transfer coins to other people, especially to those who don’t yet have wallets. It’s also unpredictable and you have to find and enter a user’s long and complex public key. People usually send a test transaction first to confirm.
While cryptocurrency solves a lot of the current issues with Fiat currencies, when it comes to daily use, they are not as convenient and can’t be used in pay for a cab or in a restaurant.
The Senders selects the value in USD or coins and which of their currencies to send, and the transfer appears instantly as a link via email, text, social media, etc. This way anyone in the world who have filled out their KYC can transfer and receive crypto via Celpay even if they don’t have a wallet.
Alex Mashinsky, CEO of Celsius says:
“CelPay is a huge step toward crypto mass adoption. At Celsius, we’re looking to grow the community to over 100M crypto users, and user-friendly, practical tools like CelPay are exactly what it is going to take to achieve that goal. Crypto empowers individuals to free themselves from predatory banking practices, but that can only be a reality if transferring crypto is just as painless as dealing with fiat. CelPay accomplishes exactly that. ”
It’s quickly catching on. We are getting ready for crypto applications in our daily lives.
Image Source: Unsplash
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.