MakerDao is a software provider that facilitates the creation of the Dai stablecoin. A stablecoin is a cryptocurrency that’s stable relative to fiat currency -- Dai is pegged to the US Dollar. Dai retains all of the features of bitcoin, including instant and trustless transfers, but with the added benefit of functioning as a stable medium of exchange.
Sempo, the second Bifrost Initiative Fellow, is an end-to-end platform to rapidly and efficiently deploy cash transfer programs. This means NGOs spend less resources finding vulnerable people, and more resources empowering them out of a crisis. Sempo solves beneficiary identification, cash disbursement and program monitoring in one seamless cash platform.
Dether is the world’s first peer-to-peer crypto-to-cash marketplace. Powered by Ethereum smart contracts, Dether is a revolutionary new way for anyone on Earth to buy crypto using cash and spend it at local physical stores. Unlike existing solutions, a user doesn't need a bank account, only a mobile phone with internet access.