Gates Foundation to Partner with Ripple and Coil to Support ‘Pro-Poor’ Payment Systems

The Bill and Melinda Gates Foundation is partnering with Ripple Labs Inc. and digital payments firm Coil to implement the Interledger Protocol, the Foundation’s Deputy Director and Principal Technologist Miller Abel tweeted Oct. 17. The Foundation itself has not made a formal announcement regarding the partnership.

Apart from the implementation of Ripple’s Interledger Protocol, which is designed to connect different payment ledgers and enable the faster processing of cross-border transfers, the partnership is set to explore the ways Mojaloop can support “pro-poor payment systems.”

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