XRP Launches On Nexo Crypto Lender And Omni Sharing-Economy Platform; Bill Gates Foundation Works With Ripple To Support The Less Fortunate
Ripple has been lately involved in more humanitarian causes and the company focused its work on helping the less fortunate as well.
Bill Gates foundation works with Ripple to support the needy
The Bill Gates and Melinda Gates Foundation expanded the partnership with Ripple in order to make it easier to send money to less fortunate parts of the world that are currently lacking the robust infrastructure for payments.
The Foundation’s deputy director Miller Abel, they are working with Ripple and the web monetization platform Coil to create an effective and faster way of sending donations straight to the people in need.
— Miller Abel (@MillerAbel_) October 17, 2018
XRP gets support on Nexo and Omni
Ripple’s coins XRP received support on Nexo. Now, XRP-backed loans are available here in what the company calls the first and only crypto lender. Here’s how the Nexo instant crypto-backed loans work:
- First, you have to deposit the crypto to your secure Nexo Wallet.
- A loan becomes instantly available, and there are no credit checks involved.
- You can spend money instantly via the card or withdraw to your bank account.
- There are no minimum loan repayments required and no hidden fees.
Omni also launched the much-awaited support for XRP as well.
This sharing-economy platform is allowing anyone to rent everyday items in their home to other people instead of not using them at all.
When someone rents your item, you will get XRP or dollars. This company is currently available in the San Francisco Bay Area and Portland as well, and it plans to expand its services in the near future.
Ripple also celebrated recently that xRapid adoption continues.
The company just added on its list another name which chose to use their product. Viamericas is the fourth financial institution that’s using Ripple’s XRP-powered product xRapid in order to power global money transfers
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