Celo is a mobile-focused platform that acts as a worldwide payment infrastructure for cryptocurrencies. Celo intends to introduce cryptocurrencies to the world's billions of smartphone users, even those without bank accounts, by using phone numbers as public keys.Celo can facilitate the creation of decentralized applications on its blockchain in addition to basic payments. CELO is a proof-of-stake (PoS) token that is used to pay transaction fees, participate in governance, and other relevant activities within the Celo platform.