The Celo team announced via Twitter on Friday that Cask Protocol has launched on its blockchain. Cask is a decentralized non-custodial protocol for powering money flow automation in web3.
Celo added that Cask Protocol provides users, projects, and protocols a convenient, accessible, and cost-efficient way to move money on web3 regularly. With this deployment, Celo users can automatically send peer-to-peer payments, pay with recurring payments, and more.
Celo is an open platform that supports various distributed applications, smart contract development and payments using e-mail addresses and phone numbers as public keys. CELO is down by more than 3% in the last 24 hours and is currently trading at $0.762.