Opera Swaps Cash for Celo Tokens, Boosts Stake
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Opera, the Norwegian web browser company, proposes a shift in its payment deal with Celo network, aiming to receive 160 million CELO tokens instead of quarterly cash payments. This move aligns Operas rewards with Celos growth and positions them as a top token holder. The partnership since 2021, including the MiniPay app for mobile payments in emerging markets, has served 14 million users. Operas confidence in Celos future as an Ethereum layer-two focused on stablecoin transfers is evident. Meanwhile, Operas business thrives, with a 22% year-over-year revenue increase in Q4 2021, reaching $177.2 million, and a full-year sales of $614.8 million. Shares have risen by 21% to $15 each, and a $300 million buyback program has been launched.
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