Blog posts, Product | 04/26/2022

Say Hello to CELO on Ledger


Things to know:

Celo (CELO) is a mobile-first Proof of Stake blockchain that makes DeFi tools and services accessible to anyone with a mobile phone. CELO’s current market cap is close to $1 billion.

You can now securely buy, send and receive Celo (CELO) on your Ledger Live desktop and mobile. You can also buy CELO with our partner MoonPay in the “Buy” tab of your Ledger Live app* and manage your Celo from your Ledger Live mobile version.

Ledger enables you to manage your digital assets from within the security of your Nano Hardware Wallet. You can manage Celo (CELO) through your Ledger Live app and secure them within your hardware wallet. Your digital assets are hack-proof. 

CELO: a global payments infrastructure for mobile owners

Celo is a mobile-first Proof-of-Stake blockchain that aims to break down financial barriers by bringing the benefits of DeFi to the 6 billion smartphone users around the world.

Celo is built on a vibrant ecosystem. Since the mainnet launch in 2020, it supports 1000+ projects from builders, devs and artists who everyday create new apps and issue digital currencies from more than 100 countries around the world.

This project is backed by the Celo foundation, a US-based non-profit that encourages an inclusive financial system and creates the conditions for prosperity for everyone.   

Fabrice Dautriat, Head of Ledger’s Developer Ecosystem, sums up its benefits: “It’s ultra fast and comes with low fees. It has built a large ecosystem of Dapps which makes it a very interesting protocol for crypto enthusiasts.” It has received public backing from prominent minds and institutions in the space, like a16z, Jack Dorsey or Naval Ravikant.

Celo meets Ledger: a new ecosystem within your reach

Until today, you could only set up the CELO app on your Ledger Nano devices and manage your CELO coins with a third-party wallet. 

From now on, you can buy, send and receive your CELO coins directly with your Ledger Live app simply by creating a CELO account. There’s no need for an additional wallet. It’s fast, seamless and secure. 

You can now also buy CELO coins with our partner MoonPay through Ledger Live, using different payment methods such as your credit card or a wire transfer. All you need is to:

1- Create your CELO account on the app.

2- Go to the “Buy” tab in Ledger Live and choose our partner MoonPay.

3- Choose the amount you want to purchase and the payment method you want to use.

4- And that’s it!

What’s next for CELO integration?

Our partnership with CELO is just beginning. For Fabrice Dautriat: “In the near future, staking will be added, as well as multi-asset support and finally DApp compatibility.” 

In other words, you will be able to stake your CELO coins from within the security of your Ledger Live app and access a wide array of Celo-based Dapps in the Discover section, thereby widening your Web3 horizon. Stay tuned.

*Disclaimer: Buy, swap, lend, and other crypto transaction services are provided by third-party partners. Ledger provides no advice or recommendations on use of these third-party services.

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