Twelve recipients of the financial services research and development grants from the Interledger Foundation have been named for 2022. 5 of the twelve awardees are from Africa.
A more extensive level of global financial inclusion is made possible via the Interledger Standard, an open protocol that enables frictionless payments and micropayments between currencies and ledgers.
The sponsored projects include microcredit programs for low-income women in Kenya and a coalition of credit unions in rural Mexico.
Interledger Foundation made the following statement: “We are excited to announce the twelve winners of our Financial Services awards because we need more people to explore and innovate in the Interledger-enabled network in order to further our purpose and objectives.
The blockchain and innovation ecosystem in Africa is being led by the technology business CryptoSavannah.
Since 2017, the team at CryptoSavannah has been creating blockchain solutions, offering guidance to public and private organizations, and luring cryptocurrency and blockchain firms from around the globe to invest in Africa.
The team behind CryptoSavannah also played a key role in planning the biggest blockchain conference in Africa in May 2018. They are dedicated to making Africa a hub for blockchain expertise, innovation, and investment.