The Bill and Melinda Gates Foundation has released new open-source software for the unbanked that utilizes technology developed by distributed ledger startup Ripple. Announced today, Mojaloop is aimed at providing an interoperability layer between financial institutions, payment providers and other firms that offer such services to the poor and unbanked. Ripple's Interledger protocol, which is used to transact between different financial networks, is being used to help accomplish that goal. In addition to Ripple, three other financial technology firms participated in the development of the software. The app came out of the group's Level One Project, an umbrella initiative for its work with the unbanked poor that has seen it explore technologies like blockchain.
Not surprised if this is true. Bill Gates said that he likes Bitcoin as a way to transact between countries digitally, but he said that Bitcoin could be used for terrorism etc.
Ripple seems like something that could be easily aligned within laws at a protocol level. It's not something that I would be investing at as a digital gold or anything that would appreciate in value, there's a lot of supply and there's inflation, it is like digital fiat already. Maybe this generates an XRP dump but long term it's not a bright investment IMO.
This should probably be on the alt section btw.
