In a multichain world with several options for users, how does CeloOrg plan to stand out? RegenRene explains why Celo is building for mobile on the latest episode of Cointelegraph's Hashing It Out Podcast with ghcryptoguy.
podcast, Celo president Rene Reinsberg joins Elisha Owusu Akyaw to discuss the regenerative finance movement, which focuses on the building blocks of decentralized finance and the principles of regenerative economics. Reinsberg also explains how Celo intends to stay relevant in the multichain world of layer-1 blockchains and layer-2 networks.
The blockchain world is getting crowded, with multiple layer-1 blockchains launching and layer-2 networks becoming more popular. Reinsberg said the layer-1 Celo blockchain is not worried about the increase in options for users — instead, it sees it as an opportunity to bring more people into crypto. Regardless, to set Celo apart from other networks, the team has added elements that improve its mobile experience.
“The way that most people in the world access the internet is not on a desktop computer but it on a mobile phone.” Further regarding adoption, Reinsberg pointed out that Celo has decided to focus on developing economies where its impact can be seen and felt. According to the Celo president, creating a “10x better payment experience in a place like San Francisco or London” is difficult, but the changes made in developing countries can be felt.
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