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Foundation of Bill Gates and Ripple (XRP) stand together for unbanked

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Ever since the inception of Ripple in the crypto market, it has been doing exceptionally well. Ripple (XRP) has created great projects that stand to benefit not just the crypto market alone, but the world at large. Within a short period, Ripple has stamped its position as one of the biggest cryptocurrencies in the world, and every day, it is bagging lots of partnerships in the Fintech industry. Late last year (2017), it bagged a mega-partnership with the Bill and Melinda Gates Foundation.

Ripple’s Partnership with the Gates Foundation

The Gates Foundation is an organization that is poised to improve the standard of people in developing countries.

In the quest to improve the standard of living of people and the economy of developing countries around the world, the Gates Foundation partnered with Ripple to release an open-source blockchain software called Mojaloop for the unbanked people on October 16th, 2017.

According to the world bank, there are 2 billion people in the world who don’t have access to bank accounts. Due to the rate of unbanked people in the world, the Gates Foundation decided to use Ripple’s blockchain technology to create Mojaloop – a software that aims to establish an interoperability layer between payment providers and financial companies for the unbanked people.

Furthermore, the interledger protocol was produced by Ripple, and it is used for transactions between institutions that offer financial services. It is necessary to know that Mojaloop is a result of Ripple’s Level One Project.

For two years, the Gates foundation noted the use of this technology – particularly its ability to bridge the disengaged systems of finance.

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The Foundation’s Deputy Director of Financial Services said,

Interoperability of digital payments has been the toughest hurdle for the financial services industry to overcome. With Mojaloop, our technology partners have finally achieved a solution that can apply to any service, and we invite banks and the payments industry to explore and test this tool.” 

With Monjaloop, anyone can transfer funds to accounts, and not just for people who are banking with a precise financial institution. To foster the growth of an economy, Monjaloop can be used to connect with banking institutions, customers, bank merchants, and so on. This interconnection will also enable easy transactions between different people in a particular economy.

Additionally, Monjaloop is free to use, and the Foundation, including Ripple, is encouraging developers to make use of the software to enhance the adaptation of services.

With the financial support from the Gates Foundation, ModusBox, Software Group, and Crosslake Technologies collaborated with Ripple to develop Monjaloop.

How does this partnership benefit Ripple?

Ripple’s partnership with the Gates Foundation is excellent not only for it alone, but for other blockchain startups in the crypto market as well. The Gates Foundation is a reputable organization that solves global problems. The Gates family owns the Foundation, and it can take blockchain apps to the next level.

At the time of writing this article, Ripple is priced at $0.48300 after it rose by 5.48% in the last 24 hours. Ripple (XRP) is a futuristic company, and more of these partnerships will put Ripple and other cryptocurrencies into the mainstream. Good for all, great for Ripple!

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Wikipedia Commons

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Zeex Expands Through Multiple New Partnerships

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Zeex has inked a series of new deals with crypto wallet providers as a central element in the company’s move to revolutionize the wallet marketplace with its new proprietary gift card liquidity mechanism. Zeex has now signed deals with Bancor, Hooxi, Coinwall, Ginco, Sirin, and BreadWallet (BRD). 

Introducing Zeex

Zeex is a platform that confronts the most limiting obstacle in the crypto space: utility as a medium of exchange with a marketplace comprised of traditional products and services and traditional modes of commerce. Zeex offers users the ability to skip over the fiat currency step and make purchases by converting cryptocurrency into “corporate currency” through the Giftcard channel.

What’s the Big Deal?

At this stage, there are no truly effective means to circumnavigate the fiat step and utilize gift card exchange liquidity directly from cryptocurrency. While Coinbase has anointed the “Prepaid Crypto Giftcard” concept, this is a relatively recent development and the market has yet to comprehensively adjust.

Zeex has seized the initiative and emerged as the leading player on this front, with support from its non-blockchain sister, Zeek. Zeex has already lined up a series of blue-chip corporate brands, including Nike, ASOS, XBOX, Reebok, and Amazon, and is already pushing its minimum viable product iteration into late-stage production.

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Supporting with Five Highlights, the New Generation of ColdLar Wallet Pro 3 Shocked Release

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The new generation of ColdLar Wallet Pro 3 has been released, which makes a great step to become the Guardian for the Blockchain Assets.

Most of the experienced customers of cryptocurrency circle have known about ColdLar Wallet for a long time. However, the beginners also can understand its concept though this article.

ColdLar Wallet is not only an intelligent hardware cold wallet product, but also a full set of security storage solutions for blockchain assets. ColdLar Wallet adopts the ideal of “Dimension Reduction Protection”, and it is composed of cold end wallet device and hot end APP.

The cold end is a hardware device, which looks like a cell phone without requiring a network connection, mainly responsible for building transactions and signing transactions. And the hot end APP need to connect to a network with broadcast transactions and query balances as its main tasks.

The unique structure of “Hardware Device Plus Mobile App” ensures that the private key will never connect to the network. The full set solution transmits the encrypted information by encrypted two-dimensional code or NFC, which can guarantee the absolute security of transactions.

The security storage solution of ColdLar is based on the security structure of ColdLar wallet. And it takes the secure storage and algorithm of the private key as its core, as well as relies on the strong research and development capability of ColdLar, for completely isolating the hacker attacks.

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Humaniq Doubles Number of Nations Where it Brings Global Unbanked Better Options

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London, September 20, 2018 – International FinTech company Humaniq today expands its global reach by launching the Humaniq app with full functionality –  wallet & crypto emissions – in a further  24 countries. The launch, from Asia to Latin America,  takes the total list of nations Humaniq App operates into 46. The expansion will provide both social and financial empowerment to the global unbanked population and widen the horizon for financial inclusion initiatives.

Launching the app in new continents with already close to half a million users onboard after less than a year Humaniq is ready for further rapid growth and achievements. As of today, the Humaniq App can be downloaded in 24 new countries: Republic of the Philippines, Myanmar, Sri Lanka, Papua New Guinea, Mongolia, Seychelles, Belize, Dominican Republic, The Bahamas, Guatemala, Honduras, Costa Rica, Venezuela, Guyana, Suriname, Paraguay, Oriental Republic of Uruguay, México, Albania, Montenegro, Macedonia, Republic of Serbia, Bosnia and Herzegovina, Republic of Iceland.

It is no coincidence that there are Southeast Asia and Latin American countries in the list of nations Humaniq now operates in. Humaniq will fill in the gaps in financial inclusion, bringing knowledge and skills that will help people to use financial products and services effectively and with a greater awareness of their rights and responsibilities in financial markets.

Today, there are approximately 1.7 billion people without any access to financial accounts, according to the World Bank’s Global Findex Database 2017 (Findex).…

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