I wanted to quickly provide an update on my current thought process regarding this proposal.
I am reconsidering whether to proceed with the on-chain proposal given the current bear market scenario. Added with the regulatory challenges with UPI not being supported, it would be wiser to use Celo’s resources to build new primitives and infrastructure instead of a marketing and growth campaign as @rene_celo nicely wrote here.
Work can still continue on the groundwork required for a successful launch, it will be done by voluntary contributions instead of through a grant. The process will be slow but I’d like to keep the ball rolling.