Celo is a platform for fast, secure, stable digital payments to any mobile number at a fraction of today’s cost.
Celo aims to remove the barriers for large-scale adoption of cryptocurrencies as means-of-payment. Anyone can participate in the network and earn Celo currency, even with a budget Android smartphone. Using a novel address-based encryption algorithm, Celo makes sending money as easy as sending a text. Celo also uses stable-value tokens pegged to fiat currencies, like the US Dollar, to minimize volatility of payments.
In a similar spirit, the company is aiming to create a new platform to connect people globally and bring financial stability to those who need it most. Celo is driven by purpose — to solve real-world problems such as lack of access to sound currency, or friction for cash-transfer programs aimed to alleviate poverty. The company’s mission is to build a monetary system that creates the conditions for prosperity for all.