Celo.org

[Hugues]

Has anyone heard about celo?
Alliance for Prosperity

It seems to be a competitor of Facebooks Libra.

https://celo.org/
https://www.coindesk.com/libra-minus-fac...en-project

[Carsten]

No. There are too many projects doing the same. I can't keep up.

Anyway I don't see they solve anything expect creating a business that is not needed. With Stellar or Bitcoin or almost whatever crypto you can also transfer money using your phone. I prefer that over an additional layer that takes another cut.

[Hugues]

No. There are too many projects doing the same. I can't keep up.

Anyway I don't see they solve anything expect creating a business that is not needed. With Stellar or Bitcoin or almost whatever crypto you can also transfer money using your phone. I prefer that over an additional layer that takes another cut.

Correct.
But what pleases me is that they compete facebook.
Facebook is already making to much money on the back of innocent and ignorant people. I don't like this.

[Carsten]

I think there will be so much resistance against Facebook's Libra project that it will be shutdown by law.

I still can't see what Celo solves that's isn't already possible with many of the other coins. Also stable coins like USDT and Dai