Ripple’s Efforts To Improve Remittance For Customers Elicits KNOMAD Humanitarian Org’s Attention
Ripple has been taking the responsibility of improving international remittance for customers throughout their platform. They’ve already decided to work with MoneyGram and Western Union.
Ripple, Dilip Rao
Global Head of Infrastructure Innovation,
To Speak at knomad Migration and Remittances Unit
In Social Protection and Jobs Global Practice
cordially invite you to a
Thursday, November 29, 2018 pic.twitter.com/F8dAIo6U18
— 𝗕𝗮𝗻𝗸 𝑿𝑹𝑷 (@BankXRP) November 28, 2018
Stellar Lumens followed suit with European remittance services. Though these services seem a little outdated, combining them with blockchain technology takes them to a new level with faster services. That’s how KNOMAD turned their attention to Ripple.
KNOMAD has decided to extend a speaking invitation to Dilip Rao, the Global Head of Infrastructure Innovation for Ripple, for an upcoming seminar at the World Bank Main Building to discuss blockchain. He will also be speaking on the way that Ripple is changing the way that money moves around the world.
This invitation alone means big leaps for the cryptocurrency community, especially Ripple. The organization has absolutely nothing to do with finances, math, or even computer science, instead opting for humanitarian work. However, they are still able to see the way that crypto and blockchain make nearly any industry more efficient, less costly, and more accessible.
Essentially, it means that the world is finally starting to grasp the value of blockchain, and while simultaneously abandoning the apprehension about adoption.
On what the organization does, KNOMAD’s website says,
“The Global Knowledge Partnership on Migration and Development (KNOMAD) is a global hub of knowledge and policy expertise on migration and development issues.”
The company services migrants around the world, and they aim to expand the knowledge of policy options to various countries. Though they offer technical assistance, they also work with the Global Forum on Migration and Development (GFMD) and any migration-focused UN agency.
International remittance is an issue that KNOMAD prioritizes, considering the amount of people that need to send their paychecks back to families in other countries.