Celo coins are now available on Opera making mass adoption and usage a growing reality for DeFi stablecoins. For more information, continue on below.
Since day one, the cLabs team has been committed to making cryptocurrency accessible for millions of smartphone users around the world. In the spirit of this vision, we’ve collaborated with Opera, the trusted web browser for millions of users worldwide, to put even more usable cryptocurrency in the hands of real people. With its mobile-first approach and acute focus on building new products for emerging markets, Opera is a natural ally to help bring the benefits of cryptocurrency to mobile-savvy communities — particularly for those who have historically been excluded by traditional financial services. We’re also pleased to welcome Opera to the Celo Alliance for Prosperity.
Starting today, millions of Opera users will be able to make purchases, send peer-to-peer remittances, trade, or cash in and cash out in Celo’s native asset (CELO) or cUSD from the browser’s built-in crypto wallet, which is compatible with both its desktop and iOS browsers. Adding stablecoin support mitigates the risk of cryptocurrency volatility, helping to ensure that a transfer’s value tracks a fiat value when sent and delivered. This is critical to overcoming the friction associated with using blockchain technologies.
“Celo is putting financial apps and services into the pockets of millions of people, for whom their phone is the most important device that they use. This mobile-first approach directly aligns with the needs of our hundreds of millions of mobile users,” said Cuautemoc Weber, Head of Crypto and VP Business Development and Mobile at Opera. “We chose to integrate cUSD and cEUR as our first stablecoins, as a large part of our user base lives in markets like Africa, the Philippines, and LATAM, where access to financial services — such as cash out options — is limited, fiat volatility can be challenging, and remittance costs are high. Celo makes this possible with just a mobile phone number.”
CELO and cUSD are now available in the Opera wallet via Ramp. Users can purchase and interact with these assets just like they can with other supported assets in the Opera wallet, including Bitcoin and Ethereum. Support for cEUR is also underway.
Ready to get started? Visit: //www.opera.com/crypto to learn more.
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