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What is Celo?

Celo's mission is to build a financial system that creates the conditions for prosperity—for everyone.

Cryptocurrency for a beautiful planet

Celo was designed to enable a new universe of financial solutions accessible for mobile users, creating a global financial ecosystem where an end-user can onboard into the Celo ecosystem with just a mobile number. Here are few of the key features of Celo:

What is the Celo Platform?

Celo makes sending payments as easy as sending a text, to anyone with an internet connection, anywhere in the world. Celo maps phone numbers to wallet addresses using a novel decentralized address-based identity layer. Mobile participants can earn rewards for securing and maintaining the system.

What is CELO?

CELO is the platform-native asset that supports the growth and development of the Celo blockchain and ecosystem. CELO holders can earn rewards, stake with validators, and vote on proposals that shape the future of Celo.

What can Celo Dollars do?

Named for the currencies they follow, Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL) are Mento stablecoins that allow you to share value faster, cheaper, and more easily on your mobile phone. Mento stablecoins instantly unlock access for everyday uses like low-cost remittances and cross-border payments, global distribution of charitable aid, effortlessly paying online, or transferring value within exchanges, particularly in markets subject to currency volatility.

Learn more 📚

Read Celo: Building a Regenerative Economy, Celo Spotlight, and the Celo 2021 Annual Report for an in-depth look at Celo and how it's creating the conditions of prosperity for everyone.