Active project
an open platform that makes financial tools accessible to anyone with a mobile phone
Celo is a platform that is open and open-source, allowing for an ecosystem of powerful applications built on top, including easier cash transfer programs, peer-to-peer lending, collaborative small-scale insurance, and other digital assets and wallets.
Earn with Celo
Celo increases access by enabling anyone with even a simple Android smartphone to participate and earn Celo for decentralized verifications.
Mobile-First Platform
To create a truly inclusive financial system, we started by building an infrastructure to serve those excluded from the current system. Celo’s protocol includes unique features that create a seamless user experience on mobile phones.
Celo is a proof-of-stake based blockchain with smart contracts. The technology uses a phone number-based identity system with address-based encryption and eigentrust-based reputation. Celo’s stablecoins are stable value currencies, implemented by an algorithmic reserve-backed stabilization mechanism. The first stablecoin, cUSD, is pegged to the US Dollar.
Anderssen Horowitz (a16z), Lake Stars, Jack Dorsey, Coinbase, Polychain; Celo was part of WFP Innovation Accelerator
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