Sunday, October 22, 2017

Crypto News: Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push

Gates Foundation to Use Ripple Interledger Tech in Mobile Payments Push

The Bill and Melinda Gates Foundation has released new open-source software for the unbanked that utilizes technology developed by distributed ledger startup Ripple.

Announced today, Mojaloop is aimed at providing an interoperability layer between financial institutions, payment providers and other firms that offer such services to the poor and unbanked. Ripple's Interledgerprotocol, which is used to transact between different financial networks, is being used to help accomplish that goal.

In addition to Ripple, three other financial technology firms participated in the development of the software. The app came out of the group's Level One Project, an umbrella initiative for its work with the unbanked poor that has seen it explore technologies like blockchain.

The Gates Foundation has been weighing applications of the tech since as early as 2015, including its use as a way to bridge disconnected financial systems.


Full story at http://bit.ly/2yIVGy1


Source: CoinDesk


Tweet This Story

 

 

 

Donation:
If you appreciate the things I share, consider making a contribution
no matter how small via PayPal or with TransferWise (EUR).
If you use Waves my wallet address is: 3PPeCnXEDAiRVzvsuGRycrNDHhWgDq68uVt
If you use Bitcoin my wallet address is: 12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

Bitcoin QR-Code

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.