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Build Better Infrastructure with Rene Reinsberg
Today we’re talking with Rene Reinsberg, the co-founder of Celo. Rene describes Celo as a global payment's infrastructure. Before starting Celo, Rene was working on helping small businesses to better market themselves and compete with the bigger companies. He says he had a real passion for developing tools for the underdogs. He was excited to learn about bitcoin and how it could change access to financial services. All of this led Rene to start Celo so that he could help to create conditions for prosperity for everyone.
Rene realized that in most parts of the world, it was difficult to make a payment system on a mobile phone. In other parts of the world, people often still resort to sending checks in the mail, which comes with a lot of risk. Rene knew they had the ability to build a better infrastructure for delivering payments. Celo started off building a prototype on Ethereum. He found it was hard to explain high gas fees when trying to make payments to the average user, and so they dug deeper to solve this problem. Celo is a proof of stake network that has been carbon negative since their launch. Celo is decentralized and run by independent validators all around the world. They also support all Ethereum applications. On Celo you can simply send funds to a phone number if it is associated with the network, and it shows up in your digital wallet in about 5 seconds. Celo really aims to make cryptocurrency easier to use and access.
As far as adoption goes, Rene is excited to see the ecosystem that's forming around the core protocol. He says that today they have over 1000 developers and projects building on Celo. Rene is excited to see people leveraging this technology for real-world use cases. He does think we’re still in the very early days of DeFi being used in the real world. One thing they’re focused on is security as hacks are somewhat common in the DeFi world with a recent $611million hack on the PolyNetwork.
If you are interested in learning more about Celo you can find them at celo.org. They’re also very active on Discord, which can be accessed via chat.celo.org.
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Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
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By The DIVI Podcast
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Today we’re talking with Rene Reinsberg, the co-founder of Celo. Rene describes Celo as a global payment's infrastructure. Before starting Celo, Rene was working on helping small businesses to better market themselves and compete with the bigger companies. He says he had a real passion for developing tools for the underdogs. He was excited to learn about bitcoin and how it could change access to financial services. All of this led Rene to start Celo so that he could help to create conditions for prosperity for everyone.
Rene realized that in most parts of the world, it was difficult to make a payment system on a mobile phone. In other parts of the world, people often still resort to sending checks in the mail, which comes with a lot of risk. Rene knew they had the ability to build a better infrastructure for delivering payments. Celo started off building a prototype on Ethereum. He found it was hard to explain high gas fees when trying to make payments to the average user, and so they dug deeper to solve this problem. Celo is a proof of stake network that has been carbon negative since their launch. Celo is decentralized and run by independent validators all around the world. They also support all Ethereum applications. On Celo you can simply send funds to a phone number if it is associated with the network, and it shows up in your digital wallet in about 5 seconds. Celo really aims to make cryptocurrency easier to use and access.
As far as adoption goes, Rene is excited to see the ecosystem that's forming around the core protocol. He says that today they have over 1000 developers and projects building on Celo. Rene is excited to see people leveraging this technology for real-world use cases. He does think we’re still in the very early days of DeFi being used in the real world. One thing they’re focused on is security as hacks are somewhat common in the DeFi world with a recent $611million hack on the PolyNetwork.
If you are interested in learning more about Celo you can find them at celo.org. They’re also very active on Discord, which can be accessed via chat.celo.org.
--
Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.