Evolution of Digital Currency and Mojaloop in the world's economy

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The word capitalism begins the new era in the world's economy. The term "capitalism" is creating wealth with the existing wealth. The increase in trade and prosperity created capitalism along with banks in mid of the 17th century. over 500 years the development reaches up to digital currency.
   Traditional US dollars are the common Foreign exchange after the second world war.No country in the world has faith in other country's money in Foreign direct investment(FDI). So they decided US dollars as a common currency exchange to the world, this made the United States as a global economic power over 80 years. To reduce the dollar's dominance in the world's economy and a huge rise in Foreign Direct Investment(FDI) pays the ways for a new era of money, "digital dollars".Digital dollars are completely different from the concept of cryptocurrency and bitcoins. Digital currency is a form of currency that is available only in digital or electronic form and it is a  Unified Electronic Cash while Cryptocurrency is an Encrypt Form Of Digital Currency.

How Digital currency works.?

    The digital currency uses a black chain mechanism to transfer digital money from one user to another. It contains a private(the only sender can see the transactions) and a public key(transaction wallet location is seen by the public, not private information) Bill gates make the next move in digital currency, "Mojaloop".Bill and Melinda Gates Foundation launched an open-source banking code project, Mojaloop in 2017.
Mojaloop is open-source software for creating digital payments platforms that connect all customers, merchants, banks, and other financial providers in a country's economy. Jake Kendall,  executive director of DFS Lab said Mojaloop is a tool that can help reduce traditional barriers that banks and financial services providers face to interoperability. It isn’t a product or app. It’s the code to build a platform for bridging all the financial products and applications in any market. The clearing time between transactions on a Mojaloop deployment will eventually be 15 seconds and is available 24/7. Mojaloop helps to transfer funds across worldwide without a bank account. It helps nearly 2 billion people around the world who are all not having a bank account.

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