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.
18 teams compete for funding at Celo Camp virtual accelerator
The poverty-busting payments blockchain offered startups eight weeks of mentorship from industry leaders and a shot at $10,000
Poverty-focused digital payments platform Celo launched a virtual accelerator competition in early February, aimed at encouraging up-and-coming businesses and developers build apps on its proof-of-stake, Ethereum-based blockchain.
Celo Foundation’s Alliance for Prosperity seeks financial inclusion
The social impact stablecoin’s 50 supporters will build mobile dApps aimed at bringing cheaper remittances, microloans, and humanitarian aid to the poorest
Announced on March 11, the 50-member Alliance aims to support the Celo blockchain by building a variety of mobile phone-based financial tools aimed broadly at combating poverty and inequality.
Facebook’s Libra seeks to MySpace Bitcoin
The social media giant’s new stablecoin will harness its 2.7 billion users to bring the new cryptocurrency mainstream
Facebook wants to do to Bitcoin—and maybe even the dollar, euro, and yen—what it did to MySpace and Friendster by launching a new cryptocurrency called libra, announced on Tuesday after months of anticipation and speculation.