Time To Buy Ripple? Bill And Melinda Gates Foundation Launches Open-Source Blockchain-Based Payment Solution

biddle (61)in #crypto • 7 years ago (edited)

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:

https://www.gatesfoundation.org/Media-Center/Press-Releases/2017/10/Bill-Melinda-Gates-Foundation-Releases-Open-Source-Software-to-Expand-Access-to-Financial-Services
https://futurism.com/the-gates-foundation-just-launched-a-blockchain-powered-mobile-payment-system/
https://cointelegraph.com/news/gates-foundation-launches-blockchain-based-mobile-payments-solution

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/)

The synopsis in this YouTube Video says enough about the value of this technology to show that this is a great idea and you know that Gates follows through to implementation (he definitely has enough money to do so), so you don't have to worry about it becoming an unrecognized vision:

The code can be found HERE for interested developers! :)

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#blockchain #ripple #microsoft #biddle

7 years ago in #crypto by biddle (61)

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iamai (48) 7 years ago

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.

biddle (61) 7 years ago

Amen to that! :)

kunani (57) 7 years ago

l am recently interesting in XRP

nadversion56 (63) 7 years ago (edited)

Thanks good info, still have some i may buy more....

zahidsun (65) 7 years ago

doing well bro

biddle (61) 7 years ago

Thanks! :)

tavi (36) 7 years ago

Great post, great research, thanks for the info. Following, Upvoted the post and Resteemed for greater exposure.

biddle (61) 7 years ago

Thank you for the support! :) and you're very welcome! :)

strem (42) 7 years ago

Nice write up, I gave up on Ripple and sold all my coins, may consider buying again.

biddle (61) 7 years ago (edited)

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! :)

garimpodanet (51) 7 years ago

thanks for info

biddle (61) 7 years ago

You're welcome! :)

df5495 (53) 7 years ago

Sounds great. Bill and Melissa into the blockchain!. Good news.

biddle (61) 7 years ago

Agreed, great news! :)

followforupvotes (64) 7 years ago

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