Great initiatives expect with the significant adaptation of mobile to a point that significant africans are connected to see an exponential network effect in financial use cases
Digital currency’s potential to do good in the developing world just got a little clearer with a new partnership announced today. Stellar, a nonprofit that’s building a global digital platform for transferring money, is teaming up with Vumi, an open-source text messaging network, to empower women in South Africa by giving them easy access to a mobile savings account through a new program called Give a Girl a Savings Account. Stellar — which digital payment company Stripe invested $3 million in — wants to use its network to serve those in disadvantaged communities. But it needs help reaching them, and that’s where Vumi comes in.