Bitcoin Forum
May 05, 2024, 07:21:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: The Gates Foundation partnered with a blockchain startup to help the unbanked  (Read 121 times)
Ladysmith (OP)
Member
**
Offline Offline

Activity: 179
Merit: 16


View Profile
October 18, 2018, 03:26:16 PM
 #1

The Bill and Melinda Gates Foundation just partnered with the blockchain startup Coil as part of its mission to provide payment services for the unbanked.

https://www.coindesk.com/gates-foundation-partners-with-former-ripple-ctos-blockchain-project/

The organization and Coil will work together to implement the Interledger Protocol and explore ways to support pro-poor payment systems.

"According to a press release published last year, Mojaloop is an "open-source software for creating payment platforms that will help unbanked people around the world access digital financial services."

"Payments are in national currency of the given country, so that the system helps include and integrate the people (usually poor) who have historically been left out."

This is awesome. Happy to see blockchain being used for the greater good.

1714936875
Hero Member
*
Offline Offline

Posts: 1714936875

View Profile Personal Message (Offline)

Ignore
1714936875
Reply with quote  #2

1714936875
Report to moderator
1714936875
Hero Member
*
Offline Offline

Posts: 1714936875

View Profile Personal Message (Offline)

Ignore
1714936875
Reply with quote  #2

1714936875
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714936875
Hero Member
*
Offline Offline

Posts: 1714936875

View Profile Personal Message (Offline)

Ignore
1714936875
Reply with quote  #2

1714936875
Report to moderator
Dennie741
Newbie
*
Offline Offline

Activity: 17
Merit: 0


View Profile
October 22, 2018, 09:57:08 PM
 #2

This seems like an amazing partnership. The support for the pro-poor payment systems is uncalled for and rarely implemented.
Saunder2018
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
October 22, 2018, 09:59:22 PM
 #3

This partnership between Gates Foundation and Coil is a great news to see. It is good to see that they will try to implement the Interledger protocol and also try to support"pro poor payment system".
Rinaldo1971
Newbie
*
Offline Offline

Activity: 15
Merit: 0


View Profile
October 22, 2018, 10:00:54 PM
 #4

Great initiative. There are a lot of people who are deprived of the banks and this will help them to get the access more frequently.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!