In a move set to redefine global payments, Chimoney, the Toronto-based, Techstars-backed fintech, unveils its strategic integration with the Interledger Foundation (ILF) — a partnership that promises unparalleled financial inclusion and innovation. This strategic alliance is poised to reshape the landscape of cross-border transactions through the integration of Interledger Protocol (ILP) to Chimoney and bring Mobile Money, Airtime, Gift Cards, and Bank cash out to the Interledger ecosystem.
Build, test, and explore the potential of the Interledger Protocol (ILP).
We’re delighted to announce that we’ve started working on a testing platform for Interledger. The ILP Testnet Wallet has launched under the domain rafiki.money, providing a safe space for developers to test their Rafiki, Open Payments, and Web Monetization integrations.
To build on our mission and goals, we will need more people to experiment and innovate in the Interledger-enabled network, so we are thrilled to announce twelve recipients of our Financial Services awards. These twelve projects will receive funds to cover 6-months of research to explore compelling use cases for ILP-enabled digital wallets, neobanks and community platforms.
The Interledger Foundation (ILF) awarded Bowie State University(BSU) a $25,000 grant to partner on an undergraduate course that will enable students to explore open payments technologies and issues in eCommerce and personal finance. Open payments technologies allow individuals and businesses to pay for goods and services online via a phone, mobile device, or plug-in technologies from anywhere in the world at any time.
The Web Monetization API is a nascent JavaScript browser API that allows the creation of a payment stream from the user agent to the website. In simpler terms, it will enable a website to get paid from the browser.
Stefan Thomas is the co-creator of the Interledger Protocol, the technology behind all the great work and accomplishments we’re seeing across our community. He is also Chairperson of the Interledger Foundation and Founder and CEO of Coil. Read on to learn more about his journey in creating the Interledger Protocol and his insights on the Foundation’s work.
We are thrilled to see the Interledger Foundation moving ahead, and we look forward to the impact that we can have on financial inclusion and Web Monetization. There are many ways that you can help Interledger Foundation achieve its mission of connecting our global society.
Interledger and its Global Development Community Will Advance an Open Payments Network Allowing for Broader Participation in Economic Opportunities on the Web
