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 Interledger protocol, 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 […]