Ripple Joins Open-Source Interoperable Digital Payment Solution Provider Mojaloop Foundation
Ripple, a blockchain platform to streamline cross-border settlement for financial institutions, has joined Mojaloop Foundation, an open-source software empowering organizations to create interoperable digital payment systems to increase financial inclusion, as sponsor members.
Mojaloop Foundation announced the news in a press release on Wednesday, September 16. According to the announcement, Ripple is now a sponsor member of Mojaloop, which is the highest level of the organization.
As per the terms of this deal, Ripple’s Head of Social Impact Ken Weber will join Mojaloops’s board of directors and “and help provide the strategic vision, governance, and technical guidance to ensure the long-term health and growth of the Mojaloop open source software and development community.”
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