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Colu Local Network


Bringing Cryptocurrencies to Everyday Payments

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Amos Meiri - CEO

Mark Smargon - VP Blockchain

David Ring - VP Finance

Colu Local Network 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. 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.

Expert Review

4 out of 5

Colu is a monetary system, allowing individuals and business owners to transact in their local economies without any friction. Colu Local Network enables growing communities from the bottom-up using a public, decentralized financial ecosystem powered by community currencies. With Colu solution any community can issue it's own currency for own purposes. Among use cases they mention community piggy banks, payment processing, consumer protection or POS financing. Colu is on the market for a long time and already has a working product and a lot of users. It also has a strong big team, partners, advisors and good marketing campaign. On the other hand the whitepapers lacks detailed and technical information and doesn't pay attention to such important aspects as the financial model, roadmap, analysis of the market and competitors.

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