Colu Local Network
About Colu Local Network
We want to bridge the gap between the cryptocurrency market and everyday consumers. We’ll bring it into the mainstream by removing the barriers to access, and by helping people trust and understand what we believe to be the future of money.
How will we do it? By connecting everyday purchases through our digital wallet app to a payment network that enables token based incentives.
Connecting Fiat Money and Tokens
Colu has been an active player in the blockchain space since 2012. Our digital wallet app was launched in early 2017 and is now operating in 4 cities in the UK and Israel with 100K users and more than 70K monthly transactions. We are now adding the ability for any community to create a localized currency and use it as a reward for local consumption.
What is a community currency? Community currency is a financial tool that aims to utilize capital to achieve specific social objectives and goals.
What is Colu Local Network? Colu Local Network is a platform that allows creating decentralized community currencies that are trustless in nature, extremely secure and completely transparent thanks to the use of blockchain technology. CLN helps to bring liquidity into micro economies while removing geographical restrictions and allowing for organic community growth.