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Author Topic: New Stellar Integration with South African Nonprofit: Helping Girls Save  (Read 2413 times)

Eva

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https://gigaom.com/2015/02/05/stellar-south-african-nonprofit-to-bring-digital-savings-to-young-girls/

"By adding Stellar as a payments platform, Vumi is getting a way to process payments for the first time. It’s an attractive prospect — thinking down the road, a government could send a pregnant woman money for a bus fare to get to a clinic, theorized Kim. “Because both Stellar and Vumi are open source, it will be possible for other organizations to include and extend the Stellar Savings application to enable them to build unique financial inclusion products suited to the developing world,” said Gustav Praekelt, CEO of the foundation, in an e-mail interview.

In the coming weeks, the Praekelt Foundation plans to launch a new messaging app designed for young girls in developing countries. But as messaging apps evolve, it won’t be only for swapping emojis and stories back-and-forth. Instead, the Praekelt Foundation wants to offer young South African girls the chance to start a digital savings account that uses an alternate currency they’re likely to swap: airtime minutes."

mmathias

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Re: New Stellar Integration with South African Nonprofit: Helping Girls Save
« Reply #1 on: February 05, 2015, 07:52:02 PM »
Nice! Great to see more progress on the non-technical side! 8)
¯\_(ツ)_/¯
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Eva

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Re: New Stellar Integration with South African Nonprofit: Helping Girls Save
« Reply #2 on: February 05, 2015, 08:29:39 PM »
Yeah! I'm especially excited to see airtime minutes treated as a currency, since that's how these women & girls are used to saving. Really cool application :)