Home / Crypto News / The Gates Foundation ties up with Ripple (ripple) and Coil to develop remittance infrastructure for the poo

The Gates Foundation ties up with Ripple (ripple) and Coil to develop remittance infrastructure for the poo

The Bill & Melinda Gay Foundation reportedly plans to adopt Ripple’s Interleaf Protocol (ILP) in partnership with Coil, which provides Ripple Lab and digital payment systems .

Although official announcement from the Foundation is not at present, Miller Abel, vice president and chief engineer, has announced a partnership with them on their own Twitter on Twitter.

We are partnering w / @ ripple and @ coil to implement the #Interledger Protocol & explore ways # Mojaloop can support pro-poor payment systems. # Githubuniverse

– Miller Abel (@ MillerAbel_) October 17, 2018

“We will partner with Ripple and Coil to implement the interleaver protocol and we will also seek ways to support the payment system for the poor”

The software “Mojaloop” aimed at developing partnership with the Bill & Melinda Gates Foundation and remittance infrastructure to the poor who can not access the bank was announced at the SWELL conference last year, but this time a new Coil will be in the project It became clear that I will join.

Interleaver What is Putrocol? The interleaver protocol is one of Ripple’s projects, which makes it possible to save significant cost and time for remittances between different currencies via ripple network.

Coil is a project run by former Ripple CTO Stefan Thomas and adopts interlea protocol.

Ripple chief technology officer resigns and develops a new service “Coil” – CRYPTO TIMES

One Mojaloop is a project aimed at developing software that can be settled via Mobile Wallet and offering it to the poor.

As a result, payment services will be distributed to those who do not have access to a bank that is said to have 1.7 billion people worldwide.

Article Source: Twitter, Coin Insider

kaz

Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/gates-foundation-to-partner-with-ripple-and-coil/

Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.

It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.

About Coin News Desk Team