Celo Build A Strong Community For The Past 12 Months
Over the past 12 months, the Celo Foundation added 32 employees and three board members, and made great strides in supporting the further development of Celo’s open platform and mobile-first technology.
Celo deepened its commitment to creating a future where people everywhere can thrive from financial inclusion, a healthy environment, and connection through innovative technologies. The achievements of the various projects and organizations in its ecosystem are particularly impressive when considering them against the backdrop of the ongoing global pandemic.
Celo’s earliest use case was as an infrastructure powering peer-to-peer payments, especially on mobile devices. Today, its mobile-first partners and initiatives are doing so much more. The Valora mobile app, which launched in early 2021, shortly before spinning out as a stand-alone company, is now used by almost 400k people in over 120 countries.
Mobile DeFi on Celo now allows more people to access decentralized exchanges and provides lending opportunities, as demonstrated by Ubeswap’s high percentage of mobile traffic (86%) from mid-Sept. through mid-Oct. And through the Defi for the People initiative, launched in August, Celo are accelerating its path toward providing anyone with a mobile phone access to the same financial tools and services used by the top 1%, including credit and stable, low-risk yield.
Finally, one of the most exciting developments of the year came just a couple of weeks ago, when the popular crowdfunding platform Kickstarter announced its plans to build an open source, decentralized version of its application on the Celo blockchain.
ABOUT Celo Org
Celo is an open platform that makes financial tools accessible to anyone with a mobile phone.
RESOURCES
Medium
