Great initiative. There are a lot of people who are deprived of the banks and this will help them to get the access more frequently.
Topic: The Gates Foundation partnered with a blockchain startup to help the unbanked (Read 144 times)
October 22, 2018, 05:00:54 PM
October 22, 2018, 04:59:22 PM
This partnership between Gates Foundation and Coil is a great news to see. It is good to see that they will try to implement the Interledger protocol and also try to support"pro poor payment system".
October 22, 2018, 04:57:08 PM
This seems like an amazing partnership. The support for the pro-poor payment systems is uncalled for and rarely implemented.
October 18, 2018, 10:26:16 AM
The Bill and Melinda Gates Foundation just partnered with the blockchain startup Coil as part of its mission to provide payment services for the unbanked.
https://www.coindesk.com/gates-foundation-partners-with-former-ripple-ctos-blockchain-project/
The organization and Coil will work together to implement the Interledger Protocol and explore ways to support pro-poor payment systems.
"According to a press release published last year, Mojaloop is an "open-source software for creating payment platforms that will help unbanked people around the world access digital financial services."
"Payments are in national currency of the given country, so that the system helps include and integrate the people (usually poor) who have historically been left out."
This is awesome. Happy to see blockchain being used for the greater good.
https://www.coindesk.com/gates-foundation-partners-with-former-ripple-ctos-blockchain-project/
The organization and Coil will work together to implement the Interledger Protocol and explore ways to support pro-poor payment systems.
"According to a press release published last year, Mojaloop is an "open-source software for creating payment platforms that will help unbanked people around the world access digital financial services."
"Payments are in national currency of the given country, so that the system helps include and integrate the people (usually poor) who have historically been left out."
This is awesome. Happy to see blockchain being used for the greater good.
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