From Uganda to Jamaica: Interledger Foundation Expands Push for Seamless Cross-Border Payments
- Interledger Foundation is collaborating with Paysys Labs to streamline remittances for a major bank in Pakistan, reducing costs and delays in cross-border payments.
- BessPay is working with Interledger to enable international payments for online marketplaces in Jamaica, empowering small businesses with low-cost transactions.
- Kanzu Finance is leveraging ILP to provide microloans for community-based financial institutions in Uganda, fostering local economic development.
The Interledger Foundation's initiatives represent a significant step towards creating a more inclusive and efficient global payment system. However, the challenge remains in overcoming existing barriers and ensuring that these advancements reach underserved populations effectively. Further discussion on the impact of these projects on local economies and the potential for scalability is essential.
