Following the revelation that it was in talks with the Trump administration and a WTO report giving it a special mention, the Ripple project is continuing its hot run as the Bill and Melinda Gates foundation, which revealed in October 2017 that it will use the Ripple Network to send funds to underdeveloped parts of the world, is expanding its partnership.
In a separate development, the XRP token is now capable of acting as collateral for up to $2 million via crypto loan service Nexo. The Bill and Melinda Gates Foundation Deputy Director Miller Abel announced on Twitter that the foundation will work with Ripple and ex-Ripple employee-led Coil to send donations to poverty-stricken countries with poor infrastructure, The partnership was officially announced in October 2017, when they, along with several other entities, revealed that they would create an interoperable payments platform called Mojaloop. The Mojaloop platform would give financial benefits to the world’s poor and unbanked.The software solution utilizes the InterLedger Protocol (ILP), a highly customizable blockchain protocol that allows nations, network operators and financial institutions to speedily develop their own payments platforms.The idea of sending funds to those particularly affected by international fees and deprived of financial services is in the original spirit of Nakamoto’s vision for blockchain-based financial systems — equalizing financial disparity and migrating funds from richer countries to poorer ones.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
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