Hassan Maishera
On Monday, the Celo Foundation announced via X that Ledger, the world leader in digital asset security for consumers & enterprises, now supports Celo fee abstraction.
Fee abstraction, native to Celo since the Gingerbread Hardfork in Sept. 2023, allows users to make a transaction in a currency & pay the gas with the same asset.
With this support, Ledger’s 8 million global users can transact on Celo with the familiar ease of use pioneered by the network’s architects.
Assets now supported as gas currency include: USD₮, USDC, USDm, EURm, GBPm, JPYm, CADm, AUDm, CHFm, BRLm, NGNm, PHPm, COPm. KESm, ZARm, XOFm, GHSm, and Wrapped ETH (WETH).
Celo is a carbon-negative, permissionless blockchain with a rich ecosystem of global partners building innovative Web3 dapps to support a more inclusive financial system.
Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo platform), the CELO governance asset, and several Mento stable assets (cUSD, cEUR, cREAL) that enable real-world users to use digital assets.
The open-source Celo mainnet launched on Earth Day 2020. The Celo community passed an indicative on-chain governance proposal (temperature check) to have Celo migrate to an Ethereum layer-2. Google Cloud, Deutsche Telekom, Telefonica, and many others run validators on the Celo Platform.
Today, the Platform supports 1,000+ projects in over 150 countries that are building on Celo to help create the conditions of prosperity for all.
CELO is down 1.5% in the last 24 hours and currently trades at $0.07023.
