Bill Gates Foundation Expands Partnership With Ripple As XRP Launches on Nexo and Omni
The Bill and Melinda Gates Foundation is expanding its partnership with Ripple to make it easier to send money to poor parts of the world that lack strong infrastructure for payments.
According to the Foundation’s deputy director Miller Abel, they’re now working with Ripple and the web monetization platform Coil to create a fast and effective way to send donations directly to people who need them most.
We are partnering w/ @ripple and @coil to implement the #Interledger Protocol & explore ways #Mojaloop can support pro-poor payment systems. #githubuniverse
— Miller Abel (@MillerAbel_) October 17, 2018
Meanwhile, XRP-backed loans are now available on Nexo, in what the company calls the “first and only crypto lender” to use XRP as collateral.
XRP-backed loans are now available on the Nexo platform, making us the first and only crypto lender to onboard #XRP as collateral.
Get instant access to cash while keeping the upside potential of your XRP! #HODL #Ripple pic.twitter.com/YmYWSvW5Ov— Nexo (@NexoFinance) October 17, 2018
Not to be outdone, Omni has launched its long-awaited support of XRP.
The sharing-economy platform allows anyone to rent everyday items in their home to other people, instead of letting them sit in the closet collecting dust.
When someone rents your item, you can earn XRP or USD.
The company is currently available in the San Francisco Bay Area and Portland, with plans to expand in the near future.
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