Celo

Founded by serial entrepreneurs, Celo is a new company aiming to remove the barriers for large-scale adoption of cryptocurrencies as means-of-payment. 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. The first application launching on our platform is a social payment and money transfer app, aimed at developing markets. Investors: a16z, Polychain, General Catalyst, Coinbase, Reid Hoffman and Jack Dorsey, among others. Team backgrounds: Google, Facebook, Apple, Microsoft, MIT, Stanford. Jobs page: https://celo.org/jobs