Today news
About the same in other media
UN pilots blockchain-based system for getting aid to people in Ukraine
Reading now: 172
finextra.comDuring the pilot, once UNHCR has confirmed the eligibility of an aid recipient it distributes funds to them in the USDC stablecoin.
The money goes directly into a digital wallet called Vibrant that the recipient has downloaded to their phone.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 4500 sites in Ukraine.The system is being piloted in Kyiv, Lviv, and Vinnytsia and will expand to other towns and cities in Ukraine.
. Read more on finextra.comAbout this in other media
Ukraine war: Zelenskyy and Putin both promise victory in New Year speeches euronews.com /1 year ago
Ukraine repels Russian drone attack after massive bombing raids euronews.com /1 year ago
Ukraine war: A month-by-month timeline of the conflict in 2022 euronews.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
