Bill & Melinda Gates Foundation Promotes Bitcoin in Kenya
Last month, Bill & Melinda Gates Foundation has funded Ghana based blockchain startup Bitsoko in a startup competition called Gran Challenges Explorations, which focused on promoting wide spread acceptance of mobile money by small merchants. Bitsoko received a research grant of US$100,000, and with it, Bitsoko aims to expand its bitcoin merchant payment processing and bitcoin wallet services to Zimbabwe and Sierra Leone. The project is entitled “Enable Universal Acceptance of Mobile Money Payments,” and if the project is successful, Bill & Melinda Gates Foundation will offer another....
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Bill and Melinda Gates at Lee High School in Houston, Texas. Source: gatesfoundation.org. Bill Gates, founder of Microsoft an co-chair of the Bill & Melinda Gates Foundation did an 'AMA' (ask-me-anything) today on Reddit.com, and interestingly, the most-voted question to be answered related to digital currency. Asked by user 'shiruken': "What are you thoughts about cryptocurrencies like Bitcoin?" An hour later, Mr. Gates responded with the following (bold emphasis ours): The foundation is involved in digital money but unlike Bitcoin it would not be anonymous digital money. In Kenya M-pesa....
Blockchain-based company Factom has announced it will soon secure medical records on its platform. The firm received a grant from the Bill & Melinda Gates Foundation to provide immutable and easily accessible records. Gates Foundation Grant to Produce Distributed Medical Database. Factom, the blockchain as-a-service (BaaS) technology company, has....
Bill Gates has updated his stance on Bitcoin since calling it simply a "technological tour-de-force" months ago. Earlier today, speaking with Bloomberg TV's Erik Schatzker, Bill Gates admitted "the Bitcoin technology is key." Earlier today, Bill Gates gave the final speech at SIBOS 2014, the annual SWIFT banking conference held this year in Boston. The Gates Foundation recently pledged $50 million USD to fight Ebola worldwide. In his speech, Bill Gates shared his vast well of experience with the Bill and Melinda Gates Foundations' efforts to combat financial inequality around the world.....
Software magnate Bill Gates has again spoken out on bitcoin in his third 'Ask Me Anything' (AMA) session on social sharing platform Reddit. The focus of the AMA was philanthropy and the work of the Bill & Melinda Gates Foundation. As a result, Gates' answer revolved around potential bitcoin applications in charity. In response to the question 'What is your opinion on bitcoins or cryptocurrency as a whole? Also do you own any yourself?' , Gates wrote: 'Bitcoin is an exciting new technology. For our Foundation work we are doing digital currency to help the poor get banking services. We don't....
Being one of the richest couples in the world has allowed Bill and Melinda Gates the freedom to help alleviate world poverty in the ways that they think work best. In their view, shifting financial payments for the world's poorest from cash to digital, can only make their lives easier and help bring them into the formal economy. According to its 2013 annual report, the Gates Foundation distributed almost $1.8 billion in funding in the 2013 calendar year to global development programs, with 5 percent, approximately $90 million, going to the Financial Services for the Poor program. Rodger....