What is Celo blockchain payments platform?

Celo is a mobile-first blockchain payments platform that makes cryptocurrency and financial services accessible to anyone with a smartphone. Celo intends to build decentralized finance instruments that do not require the technical knowledge of many of today's leading applications. Launched by Silicon Valley startup cLabs, Celo is a fork of the Ethereum blockchain that is specialized to create and distribute a suite of stablecoins backed by fiat currencies, particular localities, and even natural resources. Celo is governed by the holders of its native asset, CELO.