The UN and Cryptocurrency helping Ukrainians

[blue-wave]

UNHCR launches aid payments to Ukrainians using blockchain technology

“UNHCR, the UN Refugee Agency, and the Stellar Development Foundation (SDF), the non-profit that supports the growth and development of the Stellar blockchain network, announced today the launch of a pilot first-of-its-kind blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) and other war-affected people in Ukraine.” - the message says.

It is noted that the pilot phase of the project is designed specifically for Ukraine but can be adapted worldwide. UNHCR confirms eligibility and distributes assistance in Circle Internet Financial’s USD Coin (USDC) — a stablecoin where one USDC is equal to one US Dollar — directly into a recipient's Vibrant digital wallet which they can download onto a smartphone. This provides a secure place to hold and transport funds in USDC, a stable store of value, allowing people to travel within the country or cross borders without the need to carry cash.

“When recipients choose to convert to cash, whether it is dollars, euros, or local currency, they can withdraw their funds at any global MoneyGram location, including over 4,500 MoneyGram locations in Ukraine”, - UNHCR noted.

More Here: https://www.ukrinform.net/rubric-society/3636117-unhcr-launches-aid-payments-to-ukrainians-using-blockchain-technology.html

[reymega life]

1. too bad were trying to ban this with the FTX SCANDAL

WE have a huge history of backstabbing our allies and coalitions now and in the past. NOW WITH UKRAINE.

[Marcus IM]

2. And now without Twitter ...

... how will the correct side win??