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.
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.
Embrace Planet-Positive, Low-Cost Transactions:
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.
Huma: The Liquidity Powerhouse
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.
A Dream Team
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.
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About Rain: Rain is revolutionizing card issuing. Designed for the digital ecosystem, Rain enables seamless interoperability between digital assets and the fiat systems crucial for everyday operations. Whether it’s self-custody, institutional custody, or anything in between, Rain caters to all needs, ensuring operational efficiency in both on-chain and off-chain environments. Learn more https://www.raincards.xyz/.
About Huma Finance: Built by serial entrepreneurs, fintech, and credit veterans, Huma Finance is the leading tokenization platform for real world impact. Since its launch in May 2023, the Huma platform has empowered innovative solutions in cross-border payments financing, supply-chain financing, green financing, and microlending. Learn more https://huma.finance/.
About Celo: Celo is an emerging Ethereum Layer-2 and mobile-first blockchain network built for the real world and designed for fast, low-cost payments worldwide. The Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native token, USDC and USDT (both enabled as gas currencies), several Mento stable assets (cUSD, cEUR, cREAL, eXOF), and popular, blue chip infrastructure including Uniswap V3, Curve, Chainlink, and Rarible, among others. Launched on Earth Day in 2020, the open-source Celo mainnet supports a rich ecosystem of projects (1,000+) contributing to Celo’s global mission of prosperity for all. For more about Celo, visit https://celo.org/.