Proud to confirm that we are working on http://mojaloop.io with the @gatesfoundation – Technologies like @Interledger and #micropayments aren’t just for media. They also increase #financialaccess and we want to do our part. https://twitter.com/MillerAbel_/status/1052576971459321857 …Miller Abel@MillerAbel_
We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse
The Bill & Melinda Gates Foundation is teaming up with San Francisco, California-based blockchain firm Coil with a view of enhancing financial access for the unbanked and underprivileged communities. Initially announced by the principal technologist and a deputy director at Bill & Melinda Gates Foundation, Miller Abel, the development was later confirmed by the blockchain startup which was founded by a former chief technology officer of Ripple, Stefan Thomas.Other than implementing Ripple’s Interledger Protocol, ways of using open source payments software MojaLoop to enable disbursement systems geared towards the poor will be explored. Gates Foundation provided the funding which financed the development of MojaLoop (which borrows the Swahili word Moja, meaning one). Besides Ripple other firms which were involved in developing the pro-poor payment system included Crosslake Technologies, Software Group, ModusBox and Dwolla.