Ripple took responsibility for improving international remittances for customers across their platform. They have already decided to work with MoneyGram and Western Union.
Ripple, Dilip Rao
Global Head of Infrastructure Innovation,To talk to the knomad Migration and Remittances unit
In the global practice of social protection and employment
cordially I invite you to
KNOMAD seminarThursday, November 29th 2018 pic.twitter.com/F8dAIo6U18
– (@BankXRP) November 28, 2018
Stellar Lumens has followed the example with European remittance services. Although these services seem a little outdated, combining them with blockchain technology takes them to a new level with faster services.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 his attention to Ripple.
KNOMAD has decided to extend an invitation to speak to Dilip Rao, the Global Head of Infrastructure Innovation for Ripple, for an upcoming seminar at the World Bank's main building to discuss blockchain. He will also talk about how Ripple is changing the way money moves around the world.
This invitation alone means big leaps for the cryptocurrency community, in particular Ripple. The organization has absolutely nothing to do with finances, mathematics or even computing, opting instead for humanitarian work. However, they are still able to see the way encryption and blockchain make virtually any industry more efficient, less expensive and more accessible.
In essence, it means that the world is finally starting to grasp the value of the blockchain and at the same time abandoning the apprehension of adoption.
What the organization does, the KNOMAD website says,
"The Global Knowledge Partnership on Migration and Development (KNOMAD) is a global hub of knowledge and expertise in migration and development policies".
The company provides services to migrants around the world and aims to broaden the knowledge of policy options to various countries. Although they offer technical assistance, they also work with the Global Forum on Migration and Development (GFMD) and any migration-based UN agency.
The international remittance is a question that KNOMAD gives priority, considering the amount of people who have to send their salary checks to the families of other countries.
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