"As the first major browser to integrate a crypto wallet, Opera is pioneering a familiar tool – a mobile browser – to put usable crypto directly in the hands of real people," said Rene Reinsberg, co-founder of Celo. Opera then added a built-in crypto wallet to its desktop browser as well as to its iOS browser.
In December 2018, the Norwegian company introduced the first blockchain browser, Opera for Android, with a built-in crypto wallet and dApp explorer. The move is a further step in Opera's strategy to eliminate the hurdles associated with using blockchain technologies. Celo makes this possible with just a mobile phone number." "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. 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. "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. Both the Celo Dollar and Celo Euro are supported by multiple digital assets in the Celo Reserve, including BTC and ETH. Stablecoins can mitigate the risk of cryptocurrency volatility, helping to ensure that a transfer's value tracks a fiat value when sent and delivered. With cUSD and cEUR, users can transfer value and engage in global financial activities faster, cheaper, and more easily on their smartphone. Opera has also joined the Celo Alliance for Prosperity, a mission-aligned network of 140+ organizations fostering social impact and financial inclusion through the use of blockchain technology.ĬUSD and cEUR are both stable digital assets that track the U.S. This integration enables millions of Opera users to make purchases, send peer-to-peer remittances, trade, or cash in and cash out in Celo's native asset or cUSD stablecoin from the browser's built-in crypto wallet.
OSLO, Norway and SAN FRANCISCO, J/PRNewswire/ - Web browser Opera (NASDAQ: OPRA), and Celo, an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone, and today announced that Opera will integrate Celo Native Asset (CELO), Celo Dollar (cUSD), and Celo Euro (cEUR) stablecoins in its Crypto Wallet.
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