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Podcast: Payments on Fireâ„¢
Episode: Episode 65 - Gates Foundation and Mojaloop - Kosta Peric
Description: Once upon a time, text messaging systems didn't interoperate. But when they did, usage skyrocketed. Many of the world's mobile money payment systems still operate within that old "walled garden" model, limiting the ability of citizens in areas like Southern Africa to send money home to family, pay utility bills, and, most important, enjoy the benefits of an national economy that is payments enabled. The Bill & Melinda Gates Foundation sees today's limited interconnection of payment systems as a high barrier to the poor's participation in that payment enabled economy. Fortunately, those barriers are beginning to come down.