Ripple [XRP] collaborates with Gates Foundation for creating Mojalooop

Ripple [XRP] becomes an official partner of the Bill and Melinda Gates Foundation. The collaboration will help the foundation provide easier, secure and instant payments to the poorer parts of the world. This brings laurels under Ripple’s hood, as it makes a significant mark in the industry. Ripple is not leaving any stone unturned to make a difference in the world.

Ripple has become the world’s 3rd largest and most valuable cryptocurrency. Its motive to connect the world through a decentralized global payment system, and make the Internet of Value makes it stand out. It’s efforts for community, charity and social good is different from the rest of the cryptocurrency companies out there.

More about the Collaboration

Miller Abel, the Deputy Director of the Bill and Melinda Gates Foundation spoke about it. He stated that they have collaborated with Ripple and web financial platform, Coil. Furthermore, this helps them to easily get donations and send money to overseas cross-border international clients. Certainly, the transparency and security that Ripple’s ecosystem RippleNet provides, makes the cause stand out.

Abel tweeted: “We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse”

The Bill and Melinda Gates Foundation team were supposed to be using Ripple’s decentralized blockchain based ecosystem for a project. Moreover, the project dubbed Mojalooop was going to implement Ripple’s Interledger Protocol for facilitating money transfer and financial work overseas internationally.

The news came just after Ripple [XRP] announced their collaboration with the Nexo platform. Furthermore, Nexo platform provides money in cash instantly by being the only crypto exchange to keep Ripple as a collateral. Nexo tweeted: “XRP-backed loans are now available on the Nexo platform, making us the first and only crypto lender to onboard #XRP as collateral. Get instant access to cash while keeping the upside potential of your XRP! #HODL #Ripple”