Mobile-first blockchain platform for financial services
Celo aims to make financial services accessible to anyone with a mobile phone. It's a blockchain ecosystem focused on increasing cryptocurrency adoption among smartphone users by providing user-friendly financial tools and applications.
Celo provides decentralized financial services that are easily accessible through mobile devices, thus increasing financial inclusion globally. It offers stablecoins and governance tokens, allowing a range of financial activities.
Launch of the Celo platform in 2020: Introduced the Celo blockchain, aiming to bring financial services to mobile users. This involved the development and deployment of the protocol as well as initial smart contracts.
Launch of Celo Dollar stablecoin: The Celo Foundation introduced a stablecoin tied to the U.S. Dollar, enabling easier and more stable transactions on the network. This was a major step in providing more reliable financial services.
Expansion of the Alliance for Prosperity network: Celo expanded its Alliance for Prosperity, a network of organizations that aim to utilize blockchain for social impact. This was a significant stride in broadening the ecosystem.