Blockchain-based Mobile Payment App by Gates Team

The Bill and Melinda Gates Foundation are introducing an open-source software to facilitate the creation of payment platforms for developing economies. Designed to ensure interoperability between various financial services and established payment platforms.

This is not the first foray into the Blockchain technology for the foundation, as they have been researching it at least since 2015. Their Level One Project aims to integrate the poor people around the world into the larger economies by making digital finance more accessible around the globe.

The latest initiative is called Mojaloop, and, according to the official press release, this is what it intends to provide: