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Gates Foundation Partners Ripple and Coil in Financial Inclusion Initiative
Other than implementing Ripple’s Interledger Protocol, ways of using open source payments software MojaLoop to enable disbursement systems geared towards the poor will be explored. Gates Foundation provided the funding which financed the development of MojaLoop (which borrows the Swahili word Moja, meaning one).
- Categories
- Finance, Technology
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The Missing Link in the Blockchain: The Need for Trust in a ‘Trustless’ System
Blockchain has become the ultimate tech buzzword, and development organizations are seeking to apply it in projects of every stripe. But as Rose Davis discovered in researching the technology’s social impact applications for Stanford, reliable digital identification is an essential precursor to many blockchain initiatives. Does a distributed ledger that has supposedly transcended the need for centralized oversight actually require some form of verification from trustworthy authorities? And if so, who should provide it? Davis explores these questions in this thought-provoking post.
- Categories
- Technology
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What’s happening with crypto in Latin America?
After the death of the global commodity boom that bolstered emerging markets in Central and South America, the region slowed to a crawl. But despite economic troubles in Venezuela and Argentina, Latin America as a whole is on its way back. And the fintech sector is leading the charge.
- Categories
- Finance, Technology
- Region
- Latin America
- Tags
- blockchain, cryptocurrency, fintech
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Ahead of Traditional Banking: How Africa Employs Blockchain For Financial Inclusion
On September 27, at the 73rd Session of the U.N. General Assembly (UNGA), Sierra Leone’s president Julius Maada Bio made an announcement where he declared that his country had set a new goal to create a national, blockchain-based credit bureau to “radically transform” the country’s financial inclusion landscape.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How a Ugandan prince and a crypto startup are planning an African revolution
Crypto and blockchain enthusiasts have been railing for years against the centralized world of banks, but many have been doing so from the privileged vantage point of developed countries. But what if blockchain technology turned out to be most revolutionary in emerging economies?
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Sierra Leone, United Nations to Develop Blockchain Digital ID System
The UN Capital Development Fund (UNDCF) and the UN Development Programme (UNDP) have entered into a partnership with Kiva, a technology nonprofit. Kiva will lend its institutional protocol of the same name to implement the “Credit Bureau Of The Future.”
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Ripple Announces $105 Million Charity Venture for Education, Financial Inclusion Projects
Ripple for Good will reportedly operate in collaboration with RippleWorks, an existing non-profit that connects social ventures and volunteers with expertise in diverse fields, and counts Ripple executive chairman Chris Larsen as a co-founder. RippleWorks has to date reportedly “worked on 70 projects in 55 countries.”
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BitPesa, SBI Remit Partner for Blockchain Payments Between Japan And Africa
The two firms are leveraging blockchain technology to reduce friction, improve efficiency and interoperability for cross-border payments between the two continents.
- Categories
- Finance, Technology
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