Recently, the United Nations High Commissioner for Refugees (UNHCR) said it has launched a blockchain payment solution for distributing digital cash to internally displaced persons (IDPs) in Ukraine. According to the agency, using a blockchain-based cash distribution system will ensure that the funds are instantly transferred to the intended recipients.
Only the ‘most affected and vulnerable’ qualify
Support the growth of the United Nations High Commissioner for Refugees (UNHCR) and the Stellar Development Foundation (SDF) The organization Stellar Blockchain announced the launch of “a blockchain payment solution for distributing digital cash to Internally Displaced Persons (IDPs) and other war-affected people in Ukraine” on December 15th. did.
In a statement, the agency became the first organization, along with the United Nations International Computing Center (UNICC), to “pilot a new Stellar-based aid payment solution.” said. UNHCR praised the pilot stage, which was designed specifically for Ukraine, and said using the system would ensure that the funds would reach their intended beneficiaries.
As part of the arrangement, an eligible Ukrainian is set to receive donated funds in the form of her USDC stablecoin. The recipient can choose to store the funds in a Vibrant wallet or cash them out at any of her Moneygram locations around the world. Recipients can also do this at “her 4,500+ Moneygram locations in Ukraine.”
There are plans to eventually expand the program to more Ukrainian towns, but the statement said only three cities – Kyiv, Lviv and Vinnitia – are currently participating. ‘s expected beneficiaries include “people most affected and vulnerable by war”.
Pilot Her program is said to be likely to “strengthen humanitarian efforts.”
UNHCR’s representative in Ukraine , commenting on the cache distribution program, stating:
Ukraine is a world leader in developing technological solutions to increase access to social protection, including assistance to displaced persons. UNHCR has been working with the technology sector around the world for many years. The technology sector has played a key role in supporting innovation to deliver assistance faster. It’s also essential to give people a variety of options for getting help, as one size does not fit everyone. “
Her CEO and Executive Director of the SDF, Denelle Dixon, said that her organization’s partnership with UNHCR is “to provide billions of dollars of assistance paid each year.” A new future for Ukraine’s Deputy Minister of Digital Transformation Oleksandr Bornyakov argued that the pilot program was likely to boost “humanitarian efforts around the world.”
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