Ripple Joins Mojaloop-Pushes Svcs to 1.7B & Largest private bank in India (HDFC) joins RippleNet.

Check out the discussion here: Mojaloop

Ripple says it’s joining Mojaloop Foundation as a sponsor member to bring world’s unbanked and vulnerable populations into an inclusive and affordable financial ecosystem.

Mojaloop is an open-source software platform that aims to make sending and receiving money easier and more affordable by connecting mobile money providers and banks for anyone to use. It aims to provide ‘one loop for everyone’ by reducing upfront and maintenance costs, allowing secure same-day settlements and enabling continuous adaptation and development through its community of users.

The startup, which uses XRP token as bridge currency for its cross-border remittance solutions, cites how blockchain and crypto help improve payment systems.