Celo

Celo is a mobile-first PoS stable cryptocurrency working to increase financial inclusion in developing markets, aka a permissionless Libra. 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 (by sending verification text messages). For Celo's first product, we are working with organizations such as the UN World Food Programme and GiveDirectly on a social payments and cash transfer app.