Rather than attempting to make a digital wallet app to serve the world, Colu has its sights set on smaller regions as provider of local digital wallets.
The UK city of Liverpool recently launched its own digital currency through Colu using blockchain technology. Now, those who wish to leave their wallet and credit card at home have the chance to pay with ease using the Colu app and the new Liverpool Local Pound (LLP).
While paying with ease is one of the main benefits of using Colu's local digital wallet system, another reason that people will be drawn to the app is the emphasis that's put on supporting local businesses. While Liverpool is one of the newest cities to get its own digital currency, other places to use Colu include Jaffa with the Pishpesh Shekel or Florentin with the Florentin Shekel.