Celo

About

Celo is a blockchain platform designed to make decentralized financial (DeFi) tools accessible to anyone with a mobile phone. It aims to create a global payment infrastructure, allowing users to send transactions via phone numbers rather than traditional wallet addresses. This mobile-first approach simplifies the process, making it more accessible for users in regions where smartphones are the primary means of internet access. Celo supports a variety of digital assets, including stablecoins like cUSD, which tracks the value of the US dollar. Celo's ecosystem includes a governance asset called CELO, which is used for voting on network upgrades and maintaining stability. The platform is supported by a community of organizations and individuals, including notable investors like a16z and Deutsche Telekom. Celo offers developer tools like the Celo SDK, which includes DAppKit and ContractKit, to build mobile-friendly DeFi applications. Its focus on emerging markets and user-centric applications addresses real-world needs such as remittances and personal finance.