Categories: News

Celsius Network Announces its Mobile App CelPay to Allow users send Cryptocurrencies Without Fees or Keys

Blockchain lending platform, Celsius Network just announced the launch of their new mobile app feature CelPay which will empower its users to send crypto quickly, easily, and with no 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.

With CelPay, users can send all Celsius-supported assets (ETH, BTC, BCH, CEL, LTC, XRP, and OMG) instantly via any messenger, email or social media, with no fees, to anyone.

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. ”

Blockmanity’s Take

It’s quickly catching on. We are getting ready for crypto applications in our daily lives.

Image Source: Unsplash


Advertisement


Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

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.

Rishabh

Rishabh Bose is a partner & news writer at Blockmanity. He is a productivity engine and has been a cryptocurrency & blockchain consultant since early 2018.

Share
Published by
Rishabh

Recent Posts

Bullish Signals for Sui Blockchain: Top SUI meme projects of 2024

Macro guru and Real Vision CEO Raoul Pal shone the spotlight on a rising layer-1…

2 months ago

AI Companions: A New Era of Digital Relationships and Virtual Experiences

As the technology landscape transforms at lightning speed, AI Companions has positioned itself as a…

2 months ago

zkCross Network: Simplifying DeFi Complexity and Achieving Fundraising Success

Did you know that 85% of DeFi value is concentrated in six blockchains?  DeFi is…

2 months ago

Don’t Miss Out: Get $CLP Tokens in the Exclusive RWA IDO Now!

CLAPART - a groundbreaking RWA platform has launched its much-anticipated $CLP token IDO on Gempad…

3 months ago

Step into the Future of Web3 at Blockchain Futuristic Conference 2024, August 13-14

Join us at BFC 2024 to explore the future of Web3. Use a special discount…

4 months ago

WebX Asia 2024: Web3 Innovation Ignites in Tokyo

Catch all the updates with Altcoin Observer, official media partner of WebX Asia 2024. Gear…

4 months ago