Bill Gates’s Foundation Partners with Ripple (XRP)
July 2, 2018 4:26 pm
The Bill Gates’s has been using the success of their organization to make the world a better a place. The organization has been trying to improve the standard of living of the people living in the developing countries.
Bill and Melinda Gates Foundation has worked extremely to improve the healthcare, education and more recently, the economies of developing countries.
With the purpose of improving the economy of developing countries, the foundation declared in Ripple’s first ever Swell conference in Toronto held in October 2017. The foundation told that it would be applying Ripple’s technology while implementing its Level One Project; everyone benefits from an economy that includes everyone.
According to the world bank, after collaborating with Ripple, the foundation released an open source software for two billion unbanked people using Ripple’s underlining technology and Ripple’s famous Interledger protocol for transacting between different financial networks.
The Mojaloop technology is used to connect customers, banks, merchants, the government arms, and other financial institutions within a country, through stimulating the development and growth of the economy.
Mojaloop is free to use, and Ripple the Gates Foundation has inspired developers to use Mojaloop for developing or adapting products and services to the financial tool.
Mojaloop could be based on Ripple’s Interledger Protocol, but developing the financial tool took a united effort.