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Celo Foundation to develop open-source platform for payments and more

Friday 13 March 2020 14:13 CET | News

The Celo Foundation, the group behind the Celo blockchain project, has announced the Alliance for Prosperity.

The alliance has 50 founding members across a range of industries, including blockchain and cryptocurrency, finance, venture capital, payment companies, charities and telecommunications. They have committed to develop the Celo blockchain as a decentralised and open-source platform.

The platform supports stablecoins, dubbed Celo dollars, which are designed to make financial tools accessible to anyone with a mobile phone. The platform can be used to build mobile applications, including cash transfers, peer-to-peer lending, international remittances and digital wallets.

Notable among its members are Coinbase Ventures, Andreessen Horowitz, Bison Trails and Anchorage which are also members of the Libra Association, according to Silicon Angle.

Members at launch are Abra, Alice, AlphaWallet, Anchorage, Appen, Ayannah, B12, BC4NB (Blockchain for the Next Billion), BeamAndGo, Bidali, Bison Trails, Blockchain Academy Mexico, Blockchain.com, Blockchain for Humanity, Blockchain for Social Impact, Blockdaemon, Carbon, cLabs, CloudWalk, Cobru, Coinplug, Cryptio, Cryptobuyer, CryptoSavannah, Fintech4Good, Flexa, Gitcoin, GiveDirectly, Grameen Foundation, GSMA, KeshoLabs, Laboratoria, Ledn, Maple, Metadium, Moon, MoonPay, Pipol, Pngme, Polychain, Project Wren, SaldoMX, Semicolon Africa, The Giving Block, Utrust, Upright, Yellow Card and 88i.


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Keywords: Celo Foundation, blockchain, payment platform, cryptocurrency, stablecoin, mobile applications, cash transfers, peer-to-peer lending, remittances, digital wallets
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies