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Late last year, Xi Jinping gave a speech declaring that blockchain technology presented an important breakthrough on several key areas within China and that the government intended to utilize the technology. Xi Jinping claimed that the development of distributed ledger technology provided a pivotal moment in which it allowed the Chinese state to reform and improve the inefficiencies found within the Chinese financial market. Stating that “It is necessary to explore the application of ‘blockchain’ in people’s daily life, and actively promote the application of blockchain technology in the field- 15 replies
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Blog URL: https://xrpcommunity.blog/reaching-out-to-those-abandoned-by-traditional-banking/ Billions of adults are considered un-banked. I discuss ILP's role in solving this problem & cover the latest XRP news in today's blog: 𝗪𝗵𝗼 𝘁𝗼 𝗙𝗼𝗹𝗹𝗼𝘄: To keep up to date on how fintech innovations are connecting the un-banked, I recommend following Chris Larsen and Mojaloop. 𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Modern Consensus interviews Forte's Kent Wakeford, the former COO of Kabam, about the new collaboration with Ripple. 𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: Wietse Wind publishes a handy tool for composing multi-sign trans
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In this blog, I remind readers why we fell in love with crypto and discuss the latest news affecting XRP. Mojaloop usage about to expand globally? SIBOS is coming up with Dilip Rao from Ripple in attendance. There are two new Ripple customers you may not have heard about. XRP news includes further decentralization of the recommended UNL, three exchanges adding support for XRP, the ability for XRP owners to access an instant credit line, and how to earn XRP through renting your personal property. I hope you enjoy the weekend read! Please feel free to share my blog wi
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Level One Project: Mojaloop Update from Kosta Peric
King34Maine posted a topic in General Discussion
I decided to reach out to Kosta Peric, Deputy Director of Financial Services for the Poor at the Bill & Melinda Gates Foundation, yesterday about updates on the Level One Mojaloop project via Twitter. To be perfectly honest, I really didn't expect a reply but low-n-behold he did. While I couldn't get him to divulge any details with regards to implementations of the Mojaloop platform. He did tweet that they were currently working on 3 projects, 2 in Africa and 1 in the US. With the first of the three pilots set to go-live by the end of this year!!! See Twitter conversation below. -
The Gates Foundation and Ripple's formation of Mojaloop was to address the current financial system's inadequacies on providing services to individuals living below the poverty line and in remote areas of their respective countries. Mojaloop makes use of Ripple's Interledger Protocol to bridge mobile wallets to current digital financial services. Currently, the complexity and costs associated with developing digital financial services for new markets is daunting for banks to overtake. Further complicating the issue, making these new services interoperable with one another requires mass coordin
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- mojaloop
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New article, somewhat old news, but I thought it deserved a bump,considering it's potential significance... https://ethereumworldnews.com/bill-gate-foundation-two-others-who-trust-in-ripple/ By Yusuff Olayode Supoto Last updated May 13, 2018 "The collaboration between Ripple, Dwolla, ModusBox, Software Group and Crosslake Technologies with finance from Bill & Melinda Gates Foundation resulted in the invention of a new open-source software branded as Mojaloop, which is creating a real-time, interoperable payments platform on a national scale to reach the world’s poor with ess
