Bill Gate’s foundation to partner with Ripple Labs. The Gate’s Foundation is known for its charity work as well as leading-edge developments. This focused on helping poor countries of the world. However, this vision of theirs has now led the foundation to partner with Ripple Labs and Coil. This will develop a payment interface that will help easy money transfers to the destitute.
As it happens, not only has Ripple, but many other firms have already taken a step towards assisting impoverished countries to receive payments. Binance is one such firm that started by helping Uganda. Now has plans to extend its service to the whole of Africa.
Bill Gate’s foundation to partner with Ripple Labs. This initiative was confirmed by two officials from Gates Foundation: The Deputy Director and Principal Technologist of the Gate Foundation Miller Abel tweeted regarding the development:
“We are partnering w/ @ripple and @coil to implement the #InterledgerProtocol & explore ways #Mojaloop can support pro-poor payment systems.”
The same sharing of the endeavor also tweeted by the Deputy Director of the Gates Foundation’s ‘Financial Services for the Poor’ program, Kosta Peric.