The Celo Foundation, a nonprofit supporting the development of the Celo open blockchain platform, today 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.
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.
Made up of 50 initial members with a combined global reach of hundreds of millions of people, including Andreessen Horowitz, the Grameen Foundation, GiveDirectly, Mercy Corps, and a variety of organizations around the globe, 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 microlending.
While each member’s contribution is unique, their combined efforts will leverage the benefits of blockchain technology aiming to 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 making a meaningful impact through prosperity.
“The Alliance will use blockchain technology to reimagine the future of money and create inclusive financial tools. From sending money home across borders to donating to a humanitarian organization; we want to make sure that money arrives in the right hands — not in the pockets of a middleman.”
– Rene Reinsberg, founder of Celo
Celo is an open blockchain platform with a stablecoin; seeking to make financial tools accessible to anyone with a mobile phone. It can be leveraged to build an ecosystem of powerful mobile applications. These range from easier cash transfer programs to peer-to-peer lending, international remittances to digital assets and wallets.
“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 at Grameen Foundation
Abra, Alice, AlphaWallet, Anchorage, Appen, Ayannah, Andreessen Horowitz, B12, BC4NB (Blockchain for the Next Billion), BeamAndGo, Bidali, Bison Trails, Blockchain Academy Mexico, Blockchain.com, Blockchain for Humanity (b4h), Blockchain for Social Impact (BSIC), Blockdaemon, Carbon, cLabs, CloudWalk Inc, Cobru, Coinbase Ventures, Coinplug, Cryptio, Cryptobuyer, CryptoSavannah, eSolidar, Fintech4Good, Flexa, Gitcoin, GiveDirectly, Grameen Foundation, GSMA, KeshoLabs, Laboratoria, Ledn, Maple, Mercy Corps, Metadium, Moon, MoonPay, Pipol, Pngme, Polychain, Project Wren, SaldoMX, Semicolon Africa, The Giving Block, Utrust, Upright, Yellow Card, and 88i.