Celo

Founded by serial entrepreneurs, Celo is a mobile-first stable cryptocurrency working to increase financial inclusion in developing markets. Using a novel address-based encryption algorithm, Celo lets you send crypto to phone numbers in a fully decentralized way. Additionally, Celo uses stable-value tokens pegged to fiat currencies, like the US Dollar, to minimize volatility. Anyone can participate in the network and earn Celo currency, even with just a budget Android smartphone.