Jia Platform Pioneers a Change in Financial Systems with Its Launch on Celo

Greetings to all members of Jia and Jia-raffes! We are delighted to announce that Jia has joined forces with Huma Finance - an on-chain credit platform - to deploy their lending pool on Celo, with 100K cUSD being provided by the Credit Collective. This action highlights our dedication to furnishing entrepreneurial people worldwide with modern and obtainable financial alternatives, beginning with Kenya. The significance of this joint effort is evident. Blockchain technology is driving real-world impacts. Jia exists to provide real-world advantage to entrepreneurs like Francis Njoroge of Githurai, Kenya. We are certain that blockchain technology has the ability to make the financial sphere more equitable, and we are currently perceiving this potential manifesting with the new economic framework introduced by Huma and the Celo system. Celo has shown its dedication to growing financial access with visible results by introducing products such as MiniPay, a super lightweight (2MB) payments wallet that allows for swift and effortless financial dealings, integrated with Opera Mini Android browser, with over a hundred million users across Africa. By harnessing the power of blockchain technology, Francis and other entrepreneurs are benefiting from improved capital flows, reduced transaction costs, streamlined and transparent loan services and more equitable wealth distribution. Aligning strategically with Celo is integral to our mission. Our values match theirs, and working together will help us attain our goals. Having a strategic alignment with Celo is essential for us to achieve our mission. We both share the same values, and collaborating will assist us in reaching our objectives. We are thrilled to be collaborating with the Celo blockchain because we have a shared vision of a world in which people are in charge of their financial well-being. We fully support the Celo community's ReFi commitment, which is discussed further in Packy McCormick's article "Celo: Building a Regenerative Economy," which can be found here. Celo has experienced an expansion of its RWA ecosystem. Celo has seen an increase in its RWA ecosystem. The Credit Collective provided us with a starting fund of 100K cUSD to establish our pool on Huma Finance, representing another major benchmark in the rapidly growing group of real-world assets (RWA) on Celo. We are now amongst the ranks of inspiring projects like Untangled’s RWA marketplace and Mento’s multi-currency stablecoins. This collaboration has already had a beneficial effect in the lives of more than a thousand loan borrowers in Kenya in its initial week, showing how technology and fresh business plans can alter financial setups. As the RWA system on Celo extends, supplying small businesses with investment possibilities and liquidity, we foresee the positive contributions of this initiative on societies to be ongoing. Providing access to investment opportunities to everyone Supplying the general public with the chance to invest Traditionally, private credit has been reserved for big institutional investors and wealthy individuals. However, it doesn't have to be that way. With Jia's pool on Celo, liquidity providers can join us in striving for a more equitable financial system. By investing in the Jia Pioneer Fund Pool, LPs can have a role in global economic progress while also creating a more sustainable and just financial environment. For more information on these opportunities, please visit the Jia Pioneer Fund Pool page or email us at invest@jia.xyz. Jia's arrival on Celo is more than a commercial accomplishment; it is a demonstration of our dedication to making finance fairer, easier to access and more regenerative. We are grateful for the backing of our supporters and the strategic joint effort with the Celo environment, which includes Huma Finance and the Credit Collective. Uniting, we are guiding through the ever-changing domain of blockchain-based credit granting, generating positive transformation and working towards a future where financial power is comprehensive and meaningful. Cheers to Jia-raffes! May we continually strive to reach for loftier goals and accomplishments, and experience success and positive effects! 🦒🦒

Source: https://medium.com/jia-xyz/beyond-banks-and-borders-jia-launches-on-celo-reshaping-financial-frontiers-c5cba7379fc6?source=rss------fintech-5