Join the Idea Fair of CeloCamp, and meet MugglePay’s story on Celo

Hermione Granger
MugglePay
Published in
2 min readJun 10, 2020

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We are very proud to be a team of Celocamp. From mid-April to the present, we have spent 9 meaningful weeks in Celocamp.

Cryptocurrencies have been born for 10 years. In the past decade, securities-based cryptocurrencies have prospered, such as BTC and ETH. The development of the exchanges promoted this process.

In recent years, the market value of stablecoins has been rising. There is a strong demand for crypto assets as real currencies. Some decentralized stablecoins such as DAI and Celo have appeared.

There are tens of millions of people in the world who hold digital currencies. They can easily go to exchanges to invest in crypto assets, but it is difficult to use them to buy commodities.

But if you want to shop with stablecoins, you also need a bridge connecting crypto-assets and merchants. MugglePay is BUIDLing this bridge. We provide an SDK for online merchants to accept crypto easily and we will help newcomers access to crypto with a mobile phone.

During Celo Camp, we have 2460 merchants registered and 43% paid. We will continue to connect more merchants and let them know Celo and cUSD.

We believe that cUSD is the right cryptocurrency to use for daily payments, especially for those without bank accounts. Because of the same mission, we build on Celo. MugglePay will empower billions of unbanked people to access to the financial system of cryptocurrency. Most of them are based in Asia.

MugglePay will empower the unbanked in Asia by 2025.

Join the Idea Fair of CeloCamp, and MugglePay will tell the magic story!

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