Fortune February 10, 2021
Robert Hackett and David Morris

In all the excitement of the latest cryptocurrency bull run—Tesla buying Bitcoin, Ethereum hitting all-time highs, Snoop Doge—it’s easy to overlook what makes the technology underpinning all this newfound loot so exciting. Mostly people just want to talk about the big price movements. And space shuttle cartoons. 🚀 🚀 🚀

(Not that I’m against price talk. Wheee!)

But real innovators are out there tackling hard problems using blockchain tech, even if their efforts are attracting less attention. One of those innovators is Celo, a four-year-old project that’s building a phone-based payments system primarily for “unbanked” people, those who don’t have easy access to the global financial system. Unlike many of the fly-by-night “coin offerings” that proliferated during the...

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