Celo is an open source platform that aims to make decentralized finance more possible and accessible. Founded in 2017 by a team of entrepreneurs and developers, DeFi is building a decentralized finance infrastructure that allows fast, cheap and secure transfers, and provides access to financial services for people around the world.
The Celo system is based on blockchain technology and uses smart contracts to facilitate transactions and execute contracts without the need for an intermediary. The Celo Project aims to enhance personal finance and participation in the global economy, enabling people to send and receive money and access basic financial services such as savings, loans and insurance, even in places that lack traditional financial infrastructure.
The Celo project was distinguished by its targeting of segments of the population that do not have traditional bank accounts, by providing easy-to-use and lightweight applications that work on smartphones. The Celo system allows users to issue and trade their own digital assets, enhancing access to finance and reducing financial dependencies. In addition, the social and humanitarian aspect is an important part of Celo's vision, as the platform works to encourage global economic cooperation and solidarity, and support social and environmental projects. over the network. By making DeFi more inclusive and accessible, Celo seeks to build a better financial future for everyone.
