Email us at: info@ngrcash.com

 

 

WhatsApp: +234 904 143 8789

Telegram: NgrCash

Log in Register

Login to your account

Username *
Password *
Remember Me

Create an account

Fields marked with an asterisk (*) are required.
Name *
Username *
Password *
Verify password *
Email *
Verify email *
Captcha *

Cryptocurrency news

Blockchain-based Mobile Payments Service Developed by Gates Foundation

Star InactiveStar InactiveStar InactiveStar InactiveStar Inactive
 

The Bill and Melinda Gates Foundation are introducing an open-source software to facilitate the creation of payment platforms for developing economies. Designed to ensure interoperability between various financial services and established payment platforms.

This is not the first foray into the Blockchain technology for the foundation, as they have been researching it at least since 2015. Their Level One Project aims to integrate the poor people around the world into the larger economies by making digital finance more accessible around the globe.

The latest initiative is called Mojaloop, and, according to the official press release, this is what it intends to provide:

Interoperability of digital payments has been the toughest hurdle for the financial services industry to overcome. With Mojaloop, our technology partners have finally achieved a solution that can apply to any service, and we invite banks and the payments industry to explore and test this tool.
Kosta Peric, Deputy Director, Financial Services for the Poor, at the Gates Foundation

Mojaloop incorporates Ripple’s Interledger tech, but it’s far from the only financial technology partner involved in the project. The Gates Foundation has proven to be an effective unifying force in the past on a number of similar projects, which makes this attempt to bring inclusivity and interoperability into the world of digital finance an incredibly promising venture.

Search

Trending Posts

Crypto Currency Market

NGRcash.com is a semi-automatic platform which sells, buys and exchanges digital ‘currency’ units online. Since the beginning, there has been a lengthy process of making our business fit and satisfy your needs.

more about us
 

Our Newsletter

Stay always updated with us. Sign in with our newsletter
© 2018 NGRcash. All Rights Reserved.

Search

Live Support