The fintech-friendly nonprofit connects some of the world’s poorest people to “resources and opportunities they need to build strong, stable livelihoods that can withstand future challenges.” Last year it helped some 28 million people in 40 countries struggling with economic instability, natural disasters, and conflicts.
-
- Celo wants its social impact-focused payments app to bring the world's poorest into the financial system (Photo: Celo).
Celo mainnet launch paves way for nearly free cross-border payments
The social impact-focused foundation driving the ecosystem says the launch enables its Celo Gold staking token to be sent and received
After two-and-a-half years of development, the Celo Foundation has announced that its mainnet has officially launched. The proof-of-stake blockchain enables stablecoins to be sent to phone numbers instead of blockchain addresses.