What is Gelato currency
Gelato currency is a digital asset that has been developed to facilitate secure, instant and low-cost payments on the Ethereum blockchain. It was created by Gelato Network, an Italian company based in Milan. The main goal of Gelato currency is to become the global payment standard for businesses and individuals around the world.
The most unique feature of Gelato currency is its ability to be used as a form of collateral for loans or other financial services provided by banks or other lending institutions. This means that users can use their tokens as collateral when taking out loans from banks or lenders without having to put up any physical assets such as property, stocks etc., which makes it much easier for them access credit facilities without putting their personal wealth at risk.
Apart from being used as loan collateral, there are numerous advantages associated with using this new cryptocurrency:
- Low transaction fees: Transactions made using this token incur minimal costs compared with traditional methods like wire transfers and debit/credit cards;
- Fast settlement times: Payments are settled almost immediately after they have been initiated;
- Increased security: All transactions involving gelatos take place within a highly secure system which reduces instances of fraud;
- Global acceptance : Being built on top of Ethereum’s platform allows it to be accepted anywhere in the world where ethereum can be traded ;
- Decentralized nature : As gelatos exist on decentralized networks , they cannot be controlled by any single entity . This ensures greater transparency & fairness across all transactions .