Mojaloop partnering with Ripple and Coil to implement Interledger Protocol

Mojaloop which is open-source software for creating interoperable payments platforms has announced to get partnering with Ripple and Coil to implement interledger protocol . Miller Abel, Deputy Director, Principal Technologist of Gates Foundation has announced the partnerships on his tweeter account.

 

Mojaloop is designed by a team of tech and fintech innovators, with support from the Bill & Melinda Gates Foundation, to make digital financial systems more integrated and inclusive, especially in developing markets where many people don’t have access to basic services like bank accounts and payment cards.

Anyone in financial services can explore and use the code. In particular, it enables central banks, market infrastructures, payment processors, and fintech firms to accelerate the creation and deployment of interoperable payment platforms that can scale in serving the poor.