Ligero Integrates Celo to Unlock Compliant Private Payments on the Leading Stablecoin Network - Crypto Economy

Ligero announced its integration with Celo, the Ethereum layer-2 network focused on global payments and one of the leading platforms for programmable stablecoins.

The integration brings Ligero’s private payments infrastructure into the Celo ecosystem, injecting greater privacy and regulatory compliance into on-chain payment flows.

Ligero’s architecture protects the sender, the recipient and the amount of each transaction. At the same time, it preserves KYC-verified access, selective disclosure, audit visibility and programmable controls such as whitelists, blacklists and freezing capabilities built directly into the transaction layer.

The initial launch will feature partner flows across enterprise use cases: payroll, treasury transfers, merchant payments, freelancer payments and stablecoin transfers between companies.

Marek Olszewski, co-founder of Celo and CEO of Celo Core Co., stated that the integration “opens new use cases for institutions, payroll providers and payment partners.” For his part, Muthu Venkitasubramaniam, CEO and co-founder of Ligero, noted that “payments create relationships” on public blockchains, which undermines privacy assumptions once two wallets become linked.

Source: https://blog.celo.org/ligero-integrates-celo-unlocking-compliant-private-payments-on-cryptos-leading-stablecoin-network-03017df1d874

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