Blockchain Startup Coil Teams With Gates Foundation To Support “Pro-Poor” Payment Systems

Blockchain, News | October 19, 2018 By:

The Bill & Melinda Gates Foundation is partnering with blockchain startup Coil to implement interledger protocol (ILP) to its open-source software for the unbanked.

Miller Abel, Gates Foundation’s deputy director and principal technologist, tweeted on October 17 that they will work with Coil to implement the interledger protocol and explore the ways Mojaloop can support “pro-poor payment systems.”

Mojaloop was created by the Gates Foundation’s Level One Project last year,