What is Celo?
Celo is a groundbreaking platform that aims to make financial tools accessible to anyone equipped with a mobile device. It establishes a global framework for payments that is tailor-made for mobile usage. This open-source initiative is backed by a diverse community of organizations and individuals who work together to enhance and govern the platform, empowering users to build applications that cross international boundaries. With efficient incentives for both light clients and full nodes, Celo can scale to accommodate up to 6 billion smartphones. The platform is fully compatible with the Ethereum Virtual Machine (EVM), facilitating an easy entry point for those new to the ecosystem. Furthermore, Celo includes a developing range of native stablecoins, such as Celo Dollars, which are tied to the values of various fiat currencies. Users have the option to pay transaction fees using stablecoins or personal tokens, offering them greater payment flexibility. The decentralized phone verification system enables seamless money transfers to any mobile number, thereby unlocking a wide range of global cash-in and cash-out options. For developers, Celo provides an array of robust tools that allow for exploration, innovation, and the launch of community-focused projects, thereby nurturing a dynamic ecosystem that champions financial inclusivity. Ultimately, Celo is reshaping the landscape of mobile finance, making it more accessible and versatile for users around the world. This transformative platform continues to evolve, promising even greater advancements in the future.
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With our Flexible Savings, you can earn daily compounding interest on your crypto and stablecoins, enjoying the freedom to spend, trade, or withdraw at any time while receiving up to 14% annual interest.
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YouHodler
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Valora
We believe that the digital assets in your wallet should be as easy to access as the cash in your pocket. To make this a reality, we developed a mobile-focused wallet designed to streamline the processes of sending, saving, and spending cryptocurrency, making it as simple as sending a text message. You can make payments, transfer money across borders, or split bills with friends, no matter where they are, all by using their phone number. For added ease, you can sync your contacts directly with the application. Transactions are executed with the same speed as texting, even in areas where internet connectivity may be slower. After downloading and setting up Valora, your funds will become available in mere seconds. By using stablecoins, you can safeguard yourself against the price fluctuations that often come with other cryptocurrencies. Valora supports both Celo Dollars (cUSD) and Celo Euro (cEUR), which are stable digital currencies pegged to the US Dollar and Euro, respectively. Furthermore, Valora offers the potential for up to 5% annual interest on each Celo Dollar (cUSD) stored in your account. You can also buy gift cards from a wide range of popular retailers, services, and subscriptions available around the world. As you navigate the app, you will appreciate how seamlessly it integrates into your everyday financial activities, fundamentally changing how you handle your money. With Valora, managing your digital finances has never been more convenient and intuitive.
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Company Facts
Company Name:
Celo
Date Founded:
2017
Company Location:
United States
Company Website:
celo.org
Product Details
Deployment
SaaS
Training Options
Documentation Hub
Online Training
Webinars
Support
Web-Based Support
Product Details
Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English