BitBeat: Stellar Takes a Step Into the Microfinance World - MoneyBeat - WSJ - 0 views
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Thanasis Priftis on 01 Oct 15""There's no way for microfinance companies to communicate with each other," said Joyce Kim, executive director at the Stellar Development Foundation. The combined Oradian/Stellar product would allow microfinance companies to quickly send money to each other. "There's something like 100,000 microfinance institutions, how do we connect them? How do they get the kinds of efficiencies that will change their lives?" The partnership is going to move slowly, beginning with a pilot program in Nigeria, where moving money often physically carrying cash on a 12-hour bus ride. Stellar could, obviously, change that dynamic."