The Celo Foundation, a non-profit supporting the development of theCelo open blockchain platform, has announced the launch of the Alliance for Prosperity: a mission-aligned network of organizations fostering social impact and financial inclusion through the use of blockchain technology.
As part of these efforts, Alliance Members, which include leading technology providers, nonprofits, mobile wallets, payment processors, and global investment firms, will build mobile-friendly financial tools on top of the Celo open blockchain platform. The Alliance’s goal is to enable more people to use digital currencies — empowering anyone with a phone number towards a prosperous future.
Made up of 50 initial members with a combined global reach of hundreds of millions of people, the Alliance will focus on a range of social impact use cases, including powering mobile and online work, enabling faster and affordable remittances, reducing the operational complexities of delivering humanitarian aid, facilitating payments, and enabling micro-lending. While each member’s contributions will be unique, their combined efforts will leverage the benefits of blockchain technology to make it easier to move digital currencies across borders and create accessible financial tools for the 5.6 billion smartphones around the world.
In celebration of the launch and in demonstration of its commitment to financial inclusion, the Alliance will be awarding small bounties, #ProsperityGifts, to qualified applicants anywhere in the world, who share great ideas to positively impact their local communities.With these efforts, the Alliance will deepen its commitment to make a meaningful impact through prosperity.
“We believe the only way to solve some of the world’s toughest problems is by bringing together diverse and mission-aligned organizations to create a future where everyone can share prosperity.
The Alliance will use blockchain technology to re-imagine the future of money and create inclusive financial tools.” – Rene Reinsberg, Founder, Celo
50 organizations have joined forces to create the Celo Alliance for Prosperity with the vision to enable prosperity for everyone. pic.twitter.com/JWgSI3IDGB
Celo is an open blockchain platform that makes financial tools accessible to anyone with a mobile phone. It can be leveraged to build an ecosystem of powerful mobile applications, ranging from easier cash transfer programs to peer-to-peer lending, international remittances to digital assets and wallets. Celo’s digital currency — the Celo Dollar stablecoin — provides people all over the world with a stable, secure, inexpensive and easy way to move money and engage in financial activities that were previously inaccessible to them.
“Grameen Foundation envisions a world with universal access to financial services. We are committed to unlock financial inclusion barriers to reduce poverty and open economic opportunities for everyone. The Alliance for Prosperity gives us a fresh chance to build, interoperate, secure new financial services applications — it’s about time to cut the cost of bringing financial services to those who need it most.” – Gigi Gatti, Director of Technology for Development, Grameen Foundation.
The Alliance is continually growing and comprises members across a range of industries, including blockchain and cryptocurrency, finance, venture capital, international remittances, payments, charity and philanthropy, telecommunications and education.
The Alliance for Prosperity is an ecosystem of mission-aligned organizations including nonprofits, merchants, and payment processors fostering social impact and financial inclusion through the use of blockchain technology.
In support of mobile-first open blockchain platform Celo, the Alliance provides infrastructure and education to enable more people to use digital currencies — specifically, the Celo Dollar stablecoin — in the geographies that need it most. Each member’s combined contributions make it easier to move digital currencies around the world and create accessible financial tools on the Celo platform, with diverse use cases including remittances, humanitarian aid, payments, and microlending.