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Bill & Melinda Gates Foundation will develop mobile payment services



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Through Mojaloop, Gates Foundation will help millions. Bill & Melinda Gates Foundation knocks the door of blockchain based Ripple to develop a mobile payment system to help about 2 million people that have no access to basic banking services. The announcement appeared on the Ripple’s official site. Mojaloop, an open-source software for financial services, will be the solution along with the interledger protocol (ILP) of Ripple. Stefan Thomas, CTO of Ripple commented, that enabling poor to make payments anywhere via a mobile wallet is a good way to improve the inner economy and Ripple is honored to be the part of this project.

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