Opera integrates Celo’s stablecoins in its crypto wallet
By Megha Bhattacharya
Opera and Celo, an open-source blockchain ecosystem announced that Opera will integrate Celo Native Asset (CELO), Celo Dollar (cUSD), and Celo Euro (cEUR) stablecoins in its Crypto Wallet. This integration enables 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. Opera has also joined the Celo Alliance for Prosperity, a network of 140+ organizations fostering social impact and financial inclusion through the use of blockchain technology.
“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.”
With cUSD and cEUR, users can transfer value and engage in global financial activities faster, cheaper, and more easily on their smartphone. In December 2018, the Norwegian company introduced the first blockchain browser, Opera for Android, with a built-in crypto wallet and dApp explorer. Opera then added a built-in crypto wallet to its desktop browser as well as to its iOS browser.
“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’s focus on key growth markets, in particular the US and EU, Africa, Southeast Asia and LATAM, will enable these mobile-savvy communities to interact with Celo assets and the Celo ecosystem with ease. Millions of people will now have access to new savings, P2P payments, and cash in, cash out services, in addition to major stablecoins.”
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