The Bill and Melinda Gates Foundation has released new open-source software, called Mojaloop, that utilizes technology developed by distributed ledger startup Ripple.
Mojaloop offers a way for financial providers, governments and mobile network operators to simplify and reduce the cost of developing inclusive payments platforms.
The new software is a boon for the 90% of the world’s poor that don’t have bank accounts and are covered by different mobile signals.*
- Information source: leveloneproject, finextra
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