Celo, a stablecoin payment network, announced the admission of more than 20 new members to his “Alliance for Prosperity” before its next release, which is expected Middle of May.
The new members of the alliance have started to deploy decentralized applications (DApps) for Celo mobile phones.
The total membership in the alliance has reached 75, only two months after the announcement of the project.
The number of allied members grows by 50%
With the new additions to be generated new payment processors, digital asset wallet factories, fiduciaries, interest groups, data protection coins, stablecoins and Teams that want to integrate blockchain technology in supply chain management systems.
“We are pleased that the number of Allied members is growing 50% since the project announcement in March. We are also happy about it the diversity of allies geographically, as in his unique contributions to serve more people“he tells us Chuck kimble, the head of the Alliance for Zeal Prosperity.
The list of new alliance members includes Ontology, Paxful, Peixe, Positive Blockchain and the United Africa Blockchain Association.
Zeal’s 5 goals for 2020
Kimble highlighted five goals that Celo wants to achieve before the end of 2020, including Creation of a stablecoin ecosystem and decentralized funding protocols. He then detailed cWhat would be the goals?::
“Create a universal basic income tied to a market system. institute a small fee for withholding money (known as demurrage). use Natural capital money – finance the project with tangible things. To implement the “ecology of money” – through local, regional and national currencies. Win Existence of money – an alternative to interest-bearing debt. “
“The Mission of Prosperity for All It will take a long time to complete“he said Kimble. “By 2021 we hope that we will be well on this path with that Basic needs of people met, grow on their unique path and help each other considerably. “
He noticed that too Zeal hopes to be able to introduce Proof-of-stake algorithm (PoS), CO2 offsetting with every block reward, rewards for regenerative development and natural capital. “
Carbon offsetting is achieved through initiatives such as Celo’s “Project Wren”, with some of the Celo Block Rewards being redirected for planting trees.
Celo wants to build a rich ecosystem before launch
Andy Ji, co-founder of the new allied member Ontology, told Cointelegraph that the company would create its ONT-ID in Zeal.
“We look forward to working with other like-minded industry leaders to offer our ONT ID solution and to collaborate on Zeal-based identity-based DeFi applications such as decentralized universal basic income and decentralized credit scores.”
Ankr CEO Chandler Song told Cointelegraph that his company will support Celo through its “node infrastructure and application platform”.
Michael Shin, COO of Dove Wallet, mentioned to us that his digital wallet will support cUSD and cGLD in countries where the population is underserved. Similarly, a “dump” platform is created to support peer-to-peer micropayments.