The UN’s refugee agency has partnered with blockchain and money transfer companies to get vital aid to people displaced by conflict.
—that the money would be squandered on so-called temptation goods, like alcohol or tobacco. But cash has played a bigger role than ever in the Ukraine crisis. Nearly half of all of the aid delivered by the Disasters Emergency Committee, a coalition of UK-based charities, in the first six months of the war was in cash.
Recognizing these limitations, the UNHCR has moved to deploy an alternative system, partnering with the Stellar Development Foundation, a nonprofit that supports the growth of the Stellar blockchain network. The two organizations are working alongside money transfer company MoneyGram and Circle Internet Financial, issuer of the USDC stablecoin, to rig up a system for sending aid directly to Ukrainian refugees using crypto.
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