Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
Humanitarian groups have increasingly used blockchain technology to solve problems with lack of banking or inadequate identity verification in developing or war-torn nations.
Two new projects have been announced in December, including one that provides cash aid to Ukrainian refugees through the Stellar network and another that plans to offer cash and vouchers through the Partisia network.
But past blockchain projects have had mixed results. Some projects have been effective at allowing recipients to bypass red tape and receive the aid they need, but with others the use of blockchain has turned out to be superfluous.
On Dec. 15, Stellar Development Foundation announced that it has formed a partnership with the United Nations High Commissioner for Refugees (UNHCR) to offer USD Coin (USDC) on the Stellar network as a form of cash assistance to Ukrainian refugees.
The USDC tokens will be redeemable at any MoneyGram location. The creators of the program believe this will make it easier for refugees to receive aid even if they don’t have bank accounts or can’t access the ones they do have.
Just announced: @RESCUEorg and @StellarOrg announced a first-of-its-kind blockchain-powered aid disbursement system available today in Ukraine. #StellarIRLhttps://t.co/310U1GBqt2
Tori Samples, Stellar Aid Assistant Product Manager, told Cointelegraph that by partnering with Moneygram for cash-out and Circle's USDC digital dollar “the whole solution becomes meaningful and accessible for people living in crisis."
Earlier this month on Dec. 2, Partisia Blockchain Foundation held a “hackathon” in collaboration with the International Committee of the Red Cross (ICRC). The goal of the event was to find ways that the Partisia network could be used to
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