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cLabs Partners With eCurrency To Integrate CBDCs On Celo

Twitter icon  •  Published 2 वर्ष पहले  •  Hassan Maishera

The Celo team announced via a tweet on Saturday that cLabs and eCurrency will work together to integrate CBDCs on the Celo blockchain.

The Celo team announced via a tweet on Saturday that cLabs and eCurrency will work together to integrate central bank digital currencies (CBDCs) on the Celo blockchain. Thanks to this partnership, central banks launching CBDCs can use the Celo blockchain to gain access to DeFi products.

CLabs is the organization behind the Celo ecosystem, while eCurrency is the technology provider that enables central banks to issue CBDCs. 

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 8% in the last 24 hours and is currently trading at $3.392. 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.