👉 The Rate Project, launched by Meta (formerly Facebook), aims to create a decentralized, open-source platform for managing and executing financial transactions using blockchain technology. It focuses on enabling peer-to-peer payments without the need for traditional intermediaries like banks, by leveraging smart contracts and decentralized networks. The project seeks to improve financial inclusion by providing access to banking services for the unbanked and underbanked populations globally, while also fostering innovation in decentralized finance (DeFi) through a community-driven development model.
