UNHCR Starts Pilot Blockchain-Based Payment System for Ukraine War Victims
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The United Nations Refugee Agency (UNHCR) recently unveiled a blockchain payment solution for the distribution of digital cash to Ukrainians impacted by the ongoing Russian invasion in collaboration with the Stellar Development Foundation, a company that supports Stellar, the blockchain network. In a statement issued on Dec. 15, 2022, the agency stated that it was among the first to pilot the new Stellar-based aid disbursement solution, alongside the United Nations International Computing Centre (UNICC). According to the refugee agency, using the Stellar-based cash disbursement system ensures that funds are transferred directly to the intended receiver in a timely, secure and
Years of experimentation with digital public finance have culminated in the launch of the Marshall Islands UBI, blending blockchain infrastructure with traditional sovereign debt structures. Marshall Islands completes first on-chain UBI disbursement The Republic of the Marshall Islands has executed the world’s first on-chain disbursement of universal basic income (UBI)…
Last week, the UNHCR received an award at the Paris Blockchain Week for its pilot project that uses blockchain to distribute money to those affected or displaced by the Ukrainian war. This award honors blockchain-based initiatives that have had a significant positive social impact and recognizes UNHCR’s dedication to finding…
AlchemyPay’s integration with the Stellar ecosystem is significant for Stellar enterprises. The platform now has AlchemyPay’s comprehensive ramp solution. This breakthrough allows Stellar enterprises to convert traditional cash and cryptocurrency seamlessly and use their preferred payment methods. AlchemyPay provides new on- and off-ramps, boosting Stellar enterprise prospects. These companies can…