Stellar partners with UNHCR to give Ukrainian refugees cash via USDC
One new project attempts to help bankless Ukrainian refugees, while another hopes to streamline international Red Cross projects. 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 refu...