The official account of Liechtenstein-based cryptocurrency exchange LCX tweeted that they are joining Celo as a member of the alliance.

And what was stated in the “LCX” tweet:

We will work alongside leading technology providers, non-profit organizations, payment processors, and global investment firms on the open Celo platform.

Meaning that the LCX trading platform will work with non-profit organizations, technology providers, mobile wallets, payment processors, and global investment firms, with the goal of creating an accessible, mobile-friendly ecosystem powered by the financial instruments offered by the Celo blockchain.

Creating a more comprehensive financial system:

Since its launch, the Celo Foundation has been empowering people to access cryptocurrencies, with the goal of creating a more inclusive financial ecosystem.

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LCX’s mission aligns strongly with the Celo Foundation and together they hope to bridge the gap between traditional and decentralized finance.

Chuck Kimball, Head of Alliance and Partner at cLabs, spoke about the partnership:

We are excited to welcome LCX as our newest member.

It will be another important step towards growing our Alliance, which has grown to more than 135 members.

LCX.com is a major player in Europe and will help us on our path to prosperity.

The Celo Foundation and the creation of a comprehensive financial system:

Celo is a blockchain platform that allows anyone to access financial instruments via a mobile phone.

Users can create an entire ecosystem of mobile financial applications that can range from cash transfer programs to peer-to-peer lending.

Applications also include cryptocurrencies and wallets.

The original cryptocurrency “Celo”, a stablecoin “Celo” based on the value of the US dollar, gives users a stable, secure and relatively inexpensive way to transfer funds and participate in the financial system.

Monty Metzger, CEO of LCX, commented on joining the new alliance, saying:

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Financial inclusion is vital to maintaining a healthy economy and a thriving democracy.

We are proud to collaborate with one of the leading organizations on the front lines of this effort…

We were impressed with the important work Celo is doing, enabling anyone with a mobile phone to access cryptocurrency and blockchain-powered financial services.

What is the Alliance for Prosperity?

The Alliance for Prosperity is a group of companies with a common goal of social impact and financial inclusion through blockchain technology, which enables people to use digital currencies (specifically “Celo”) in underserved areas.

Contributions from Alliance for Prosperity members enable fast and seamless cryptocurrency around the world.

These contributions also allow the creation of financial instruments for payments, humanitarian assistance, remittances and microlending, all of which can be accessed through the Celo platform.

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For the record, we previously discussed in a previous article on Arab Bitcoin and in detail what the CELO project is, you can return to it from the title:

Learn about the Celo project and the cGLD digital currency

About LCX:

LCX is a platform that allows buying, selling, storing and trading digital currencies.

LCX sees itself as being at the forefront of organizations aiming to create a blockchain infrastructure to bridge the gap between traditional currencies, monetary systems, and the fast-moving technology landscape.

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