Ripple - Why Bill Gates is interested in this Cryptocurrency?

Bill Gates is one of the recognized and distinguished names of the world and ripple authorities feel pride because Bill Gates prefers Ripple. There is a specific reason for using Ripple by Bill Gates. The Gates Foundation has launched new open source software to bring the people in the main stream of economic sphere.  Ripple and Gate foundation both are collectively working on this project. There are different reasons why Bill Gates is using Ripple as a priority. 

Image Source: Smartereum.com

Ripple And Gate Foundation’s Coordination to Get the Poor into the Global Economy

The Gate foundation and Ripple tie the knots to bring poor people in the global economic sphere to enjoy a better lifestyle.

For Getting their dream into reality the Gates Foundation established new open-source software which is known as Mojaloop. The main purpose is to create a real-time, interoperable payments platform 

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Why Gates Foundation Has Developed Mojaloop

The main purpose of developing this software is to connect customers, merchants, banks, providers and government offices across a country’s economy. This is basically a bridge between mobile networks and financial providers in order to increase access to financial services.

People from everywhere can use mobile wallets and can make transactions everywhere. Stefan Thomas, Ripple’s Chief Technology Officer said, “We are honored to have been a part of this project.”

It will help you to circulate money because experts of the economy are of the view that it has the power to bring millions into the global digital economy.