News from the Wire

Bleumi supports Celo blockchain platform for payments

Wednesday, April 21, 2021 — 12:51:42 (EDT)

ANDOVER, MASS. (PRWEB) APRIL 20, 2021--Bleumi Inc., a leading Crypto And Traditional (Fiat) Payments Orchestration Platform, now supports Celo, an open-source blockchain ecosystem focused on making decentralized financial (DeFi) systems and tools accessible to anyone with a smartphone. Bleumi supports transactions in B2C and B2B with cUSD and CELO.

This is great news for both merchants and consumers. Emerging market farmers, freelancers, and small business owners now have a payment alternative to legacy, fiat-based payment solutions. The combination of Bleumi and Celo helps merchants transact at low costs. Lower costs open the pathway to sell lower-priced items at a profit, improve cash flow, and margin. Celo transactions are a fraction of the cost compared to traditional payments or Blockchains like Bitcoin and Ethereum.

Celo’s mission is to build a financial system that creates the conditions for prosperity—for everyone. The spirit of Esperanto and auxiliary languages is to equip speakers with a means to connect, engage, and build trust with someone who speaks a different native tongue. In a similar spirit, Celo is aiming to create a new platform to connect people globally and bring financial stability to those who need it most. Celo believes blockchain technology is one of the most exciting innovations in recent history, and as a team, Celo is pushing the boundaries of what is possible with it today by creating opportunities for cryptocurrency on mobile phones.

“We are excited to support Celo natively with Bleumi Pay,” said Thomas Arul, CEO, and founder of Bleumi. “We were impressed with Celo’s mission to build a financial system that creates the conditions for prosperity—for everyone. Both B2C and B2B businesses can accept Celo payments with our prebuilt plugins or B2B Portal. Bleumi Pay will also support future Stablecoins and assets launched in Celo automatically".

“We’re excited to see more merchants accepting Celo dollar through products like Bleumi Pay and to welcome the Bleumi team to our growing Alliance of mission-aligned organizations,” said Chuck Kimble, Head of the Celo Alliance for Prosperity. “Bleumi Pay will enable more users to buy goods and services with Celo dollars, increasing overall liquidity and ease of use."

The future is now, thanks to the Celo blockchain platform and the practical application thereof in Bleumi’s digital currency payment platform. Secure. Affordable. Decentralized.

About Celo

Celo is a mobile-first, open-source ecosystem of technologies, organizations and individuals that all share a common mission of building a financial system that creates the conditions for prosperity for everyone. The Celo ecosystem includes a decentralized, proof-of-stake blockchain technology stack (Celo Platform), a native asset (CELO), stablecoin (cUSD), and the Celo Foundation’s Alliance for Prosperity, with over 130 organizations around the world, including Andreessen Horowitz, Anchorage, Coinbase, GSMA, Mercy Corps, Grameen Foundation, Prosegur, Abra, and cLabs, a service organization dedicated to growing and developing the Celo ecosystem. For more information on Celo, please visit celo.org.

About Bleumi

Bleumi is a first of its kind — Crypto and Traditional Company based out of Boston, Mass. Bleumi’s Payments Orchestration Platform built for fast-growing businesses to stay ahead on the forefront of customer payment preferences. With its entire suite of features, Bleumi solves many of the payment problems that plague online commerce. It’s your one-stop-payment platform for expansion into new markets, enhancing payments flexibility, improving payments profitability, and reduction of development burdens. Please visit Bleumi.com for more information.

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Source: Company press release.