The People's Clearinghouse
Digital Financial Services
75 000 USD
Total amount committed
- Location: Mexico
The People's Clearinghouse is a social innovation project to benefit the broader public, specifically rural and indigenous people who have organized themselves into co-ops. Millions of co-op account holders have been historically excluded from the Mexican payment system. As a result they must deal with time-consuming and risky travel to access their money in cash. This project intends to research how the clearinghouse can be a successful connector for small rural co-ops of Mexico to the Mexican central bank and among themselves using the Interledger Protocol.