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Celsius hopes to open the blockchain market by allowing a seamless transaction of cryptocurrency, both on loan and on loan.Getty
If you think about the world of blockchain and cryptocurrency, what would be your main concern? I would risk to guess and I would say that it was stability. There is no way to get away from it, at this time the market is volatile, but volatility derives mainly from the fear of the unknown.
It's a challenge22, it regulates industry and takes away the value of decentralization, lets go of it is and we face multiple peaks and loses as investors get scared.
So what can you do to add confidence in a growing industry? While the use of blockchain as a safe way to store a transaction has been demonstrated, it is perhaps Nakamoto's dream of using it as the basis for the currency that is on slightly more shakier terrain.
While banks and other financial technologies are still struggling with blockchain complications, others are investing in its bases. One of the companies I was interested in reading is Celsius network, who announced only in August that they had bagged one of the "Fathers of the Blockchain", W. Scott Stornetta, who is the co-author of the paper in 1992, "How to timestamp a digital document& # 39 ;, It was one of the original sources used in the Nakamoto Bitcoin whitepaper.
Interesting credentials
Add to the mix the inventor of Voice over Internet Protocol (VoIP) Alex Mashinsky, who founded Celsius and continues as CEO, and you have some interesting credentials. So what's Celsius? Perhaps unselfishly, the company is not trying to open a new market, it is trying to bring new customers to the existing one.
Mashinksy explains:
Our goal in Celsius is to add 100 million new users to the cryptocurrency community by offering innovative customer-centric financial services, including loans and loans. "
This new form of banking on the blockchain will allow customers to deposit, borrow and easily earn interest with cryptocurrency. And the team hopes that by accepting these blockchain links in their advisory board, they will have the power to make it happen. Basically, Stornetta is there to validate the project, but it is more than just a trophy, it carries with it a legion of loyal fans who respect where it adds its weight.
Just as colleague and co-author Stuart Haber found success with Auditchain as chief scientist, Stornetta also sees value in the financial sector. This does not mean that everything that touches becomes gold, but Celsius did well to have not only one but two heavyweights on board. And people are listening.
Not for money
For Mashinksy, however, the possibilities of new technology have never been about money, and this becomes apparent when looking at the success of VoIP. As one of the inventors with foundational patents dating back to 1994, over 3 billion people currently use VOIP for free around the world, so it's no surprise that with Celsius it is now proposing Money over Internet Protocol (MoIP) to free up the concept of processing money between the boundaries. Celsius has called this CelPay and hopes it will become the blockchain alternative to Venmo.
So, how do you convince a generation of tired investors that the Internet, and by default the blockchain, is the best home for their hard-earned earnings? Mashinsky hopes that social research will make them a good omen. Born in Ukraine and raised in Russia, he believes in the good that his team of world-class developers can create.
He says:
We want to focus on Money Over IP and, unlike any other blockchain company, we work for the community and stay compliant. CelPay is solving the biggest obstacle to the adoption of the Blockchain: ease of use. Just as Venmo has allowed an entire generation to never enter the bank and make all their payments and transfers from their CelPay phones will enable hundreds of millions of consumers to circumvent all currency and regulatory restrictions in place to ensure that be chained to the banking system. CelPay allows anyone on the planet to disembark and make money work for them instead of working for money. The whole team sincerely cares about doing good and amp; doing well at the same time. "
Attractive rates for borrowers and lenders
Celsius is driving towards loans for all, linking crypto holders to borrowers through a work platform that promises to pay up to 7% for those looking to make money. While loans only attract a 5% APR rate, highly competitive compared to traditional banks.
How do they do this? They are introducing a new token – Cel Token, which draws on the CelPay userface. The best feature? You can send coins and pay friends immediately, all over the world without commissions. And you do not even need a cryptographic wallet.
Simply download the app through the digital store of your choice and go.
But Celsius is too good to be true? They already have 10,000 registered users and raised $ 50 million in March when they launched their ICO. With the promise of low APR rates, without costs and appraisal of an app without a cryptographic portfolio, it is possible that Mashinsky achieves its goal of 100 million users. The only question is: have other financial institutions woken up since then and could, with their market share and their huge advertising budgets, steal Celsius' lightning? Would they do it? It is a scenario that I can not wait to find out more.
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Celsius hopes to open the blockchain market by allowing a seamless transaction of cryptocurrency, both on loan and on loan.Getty
If you think about the world of blockchain and cryptocurrency, what would be your main concern? I would risk to guess and I would say that it was stability. There is no way to get away from it, at this time the market is volatile, but volatility derives mainly from the fear of the unknown.
It's a challenge22, it regulates industry and takes away the value of decentralization, lets go of it is and we face multiple peaks and loses as investors get scared.
So what can you do to add confidence in a growing industry? While the use of blockchain as a safe way to store a transaction has been demonstrated, it is perhaps Nakamoto's dream of using it as the basis for the currency that is on slightly more shakier terrain.
While banks and other financial technologies are still struggling with blockchain complications, others are investing in its bases. One of the companies I was interested in reading is Celsius Network, which only announced in August that they had bagged one of the "Blockchain Fathers", W. Scott Stornetta, who co-authored the paper in 1992, "How to timestamp a digital document ", was one of the original sources used in the Nakamoto Bitcoin whitepaper.
Interesting credentials
Add to the mix the inventor of Voice over Internet Protocol (VoIP) Alex Mashinsky, who founded Celsius and continues as CEO, and you have some interesting credentials. So what's Celsius? Perhaps unselfishly, the company is not trying to open a new market, it is trying to bring new customers to the existing one.
Mashinksy explains:
Our goal in Celsius is to add 100 million new users to the cryptocurrency community by offering innovative customer-centric financial services, including loans and loans. "
This new form of banking on the blockchain will allow customers to deposit, borrow and easily earn interest with cryptocurrency. And the team hopes that by accepting these blockchain links in their advisory board, they will have the power to make it happen. Basically, Stornetta is there to validate the project, but it is more than just a trophy, it carries with it a legion of loyal fans who respect where it adds its weight.
Just as colleague and co-author Stuart Haber found success with Auditchain as chief scientist, Stornetta also sees value in the financial sector. This does not mean that everything that touches becomes gold, but Celsius did well to have not only one but two heavyweights on board. And people are listening.
Not for money
For Mashinksy, however, the possibilities of new technology have never been about money, and this becomes apparent when looking at the success of VoIP. As one of the inventors with foundational patents dating back to 1994, over 3 billion people currently use VOIP for free around the world, so it's no surprise that with Celsius it is now proposing Money over Internet Protocol (MoIP) to free up the concept of processing money between the boundaries. Celsius has called this CelPay and hopes it will become the blockchain alternative to Venmo.
So, how do you convince a generation of tired investors that the Internet, and by default the blockchain, is the best home for their hard-earned earnings? Mashinsky hopes that social research will make them a good omen. Born in Ukraine and raised in Russia, he believes in the good that his team of world-class developers can create.
He says:
We want to focus on Money Over IP and, unlike any other blockchain company, we work for the community and stay compliant. CelPay is solving the biggest obstacle to the adoption of the Blockchain: ease of use. Just as Venmo has allowed an entire generation to never enter the bank and make all their payments and transfers from their CelPay phones will enable hundreds of millions of consumers to circumvent all currency and regulatory restrictions in place to ensure that be chained to the banking system. CelPay allows anyone on the planet to disembark and make money work for them instead of working for money. The whole team sincerely cares about doing good and doing good at the same time. "
Attractive rates for borrowers and lenders
Celsius is driving towards loans for all, linking crypto holders to borrowers through a work platform that promises to pay up to 7% for those looking to make money. While loans only attract a 5% APR rate, highly competitive compared to traditional banks.
How do they do this? They are introducing a new token – Cel Token, which draws on the CelPay userface. The best feature? You can send coins and pay friends immediately, all over the world without commissions. And you do not even need a cryptographic wallet.
Simply download the app through the digital store of your choice and go.
But Celsius is too good to be true? They already have 10,000 registered users and raised $ 50 million in March when they launched their ICO. With the promise of low APR rates, without costs and appraisal of an app without a cryptographic portfolio, it is possible that Mashinsky achieves its goal of 100 million users. The only question is: have other financial institutions woken up since then and could, with their market share and their huge advertising budgets, steal Celsius' lightning? Would they do it? It is a scenario that I can not wait to find out more.
