I just read a few articles regarding the newly launched Mojaloop, an open-source payment solution, which has been launched by the Bill And Melina Gates Foundation, employing the Interledger Tech developed by Ripple. Links to the articles that I read to inform me of this recent change:
They have developed it with the following three layers (see video below for more details):
- Interoperability Layer
- Directory Service Layer
- Transaction Settlement Layer
The goal is to reduce the complexity of building payment systems that allow unbanked citizens (those who are poorer and/or don't have access to banking services) to be connected with merchants, banks, and governments. The fact that it is open-source will make it so that more developers will begin working with blockchain who may not have otherwise. This will embed Bill Gates into the Blockchain Space firmly, which will empower the space and increase demand for blockchain-based solutions. He's targeting demographics that are under server, which is both philanthropic, as well as a great way to increase the adoption of cryptocurrencies, since there is a demand there that hasn't been met. I think that Ripple, through its partnership in this endeavor, will be strengthened and so this may be the time to invest, as it is currently around .20 per Ripple Token (XRP).
Others have worked on this technology than Ripple that will open doors for developers interested in creating decentralized payment systems based on the blockchain. The Gates Foundation worked with other FinTech companies to make things easier for developers. An API for mobile systems companies created by Ericsson, Huawei, Telepin, and Mahindra Comviva will make it easier for mobile money providers to integrate existing systems with it. (https://futurism.com/the-gates-foundation-just-launched-a-blockchain-powered-mobile-payment-system/)
So, it seems the elite ARE moving to the blockchain, despite talk that Wall Street, Federal Reserve, and the federal government are trying to stop it.
This step by the Gates is good news for the blockchain in that even the poorer segment of society can participate and add value for everyone.
Amen to that! :)
l am recently interesting in XRP
Thanks good info, still have some i may buy more....
doing well bro
Thanks! :)
Great post, great research, thanks for the info. Following, Upvoted the post and Resteemed for greater exposure.
Thank you for the support! :) and you're very welcome! :)
Nice write up, I gave up on Ripple and sold all my coins, may consider buying again.
Thanks! Yeah, I had exited for a little while, but there has been a heck of a dip relative to BTC (although, that's most of the market IN RELATION to Bitcoin), so that ALONG with this information, may be a great signal! :)
Sounds great. Bill and Melissa into the blockchain!. Good news.
Agreed, great news! :)
thanks for info
You're welcome! :)
As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
@driva has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memoI hate to spoil the party. There has to be something behind this. Bill Gates used to be someone who I admired. Now after realizing his population control views I must be skeptical of everything that he does.