Simplified Spending Takes Flight on the Carbon-Negative Celo Blockchain

Rain, the blockchain-based card issuing platform, is thrilled to announce its partnership with Huma Finance is expanding to Celo, the emerging Ethereum Layer-2 and mobile-first blockchain network built for the real world and designed for fast, low-cost payments worldwide. 

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The core collaboration remains strong: Rain remains as the borrower, leveraging Huma's robust liquidity infrastructure to empower teams. But leveraging Celo’s mobile-first, carbon-negative infrastructure unlocks new, significant benefits for users.

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Embrace Planet-Positive, Low-Cost Transactions:

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Since its mainnet launch on Earth Day 2020, projects building on Celo have benefitted from unique advantages including 1-block finality, fast transaction times, and the ability to send money to a phone number, email address, or other social identifier via SocialConnect. Coupled with Celo's Ultragreen Money tokenomics which allocates 20% of each transaction fee to a carbon-offsetting fund, this ensures that your financial transactions contribute to a greener future.

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Huma: The Liquidity Powerhouse 

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Huma Finance plays a pivotal role in this ecosystem. Their expertise in USDC-based settlements provides Rain with the essential liquidity it needs to operate seamlessly. This, in turn, allows Rain to extend that liquidity, fostering innovation and growth across the entire blockchain landscape.

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A Dream Team

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Rain is taking Web3 finance to new heights by expanding its partnership with Huma and embracing the innovative Celo blockchain. With effortless fiat transactions, a wider range of stablecoin options, and a commitment to sustainability, Rain is empowering Web3 teams to thrive in an evolving digital landscape.