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Celo

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Decentralized payments platform enhancing Ethereum's scalability and accessibility.

About

Celo is a decentralized payments platform that functions as an Ethereum Layer 2 solution, aimed at improving scalability and accessibility within the Ethereum network. It adopts a mobile-first approach, enabling users to interact with Web3 technologies through low-cost transactions and an ultralight client tailored for smartphone users. Celo provides resources for developers to build decentralized applications (dApps) and features a ReFi ecosystem that accommodates various forms of currency for payments. The platform's API supports the integration of dApps and smart contracts.

Key facts

Founded
2017
Tags
  • Banking and Financial Services
  • Blockchain
  • Crypto

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Celo: quick answers

What does Celo do?
Celo is a decentralized payments platform that functions as an Ethereum Layer 2 solution, aimed at improving scalability and accessibility within the Ethereum network.
Where is Celo headquartered?
Celo is headquartered in London, United Kingdom.
When was Celo founded?
Celo was founded in 2017.
Which sector is Celo in?
Celo operates in Decentralized Finance, part of Financial Technology.
Who are Celo's competitors?
Companies similar to Celo include Bitcoin, ParaSwap, and dYdX.