The UN Refugee Agency is helping internally displaced people in Ukraine.
The United Nations High Commissioner for Refugees (UNHCR), a UN agency mandated to aid and protect refugees, is launching a solution to distribute cash to Ukrainians affected by the ongoing Russian invasion.
The program is being piloted in three Ukrainian cities that people fled to after their homes were destroyed by Russian missiles, with the UNHCR being responsible for confirmation of eligibility and allocation of the relief aid.
Users need to download Vibrant, a non-custodial mobile digital wallet that provides a secure place to hold and transport funds in USDC, a popular dollar-pegged stable coin.
The recipients have the option to convert the received USDC to USD.
MoneyGram has hundreds of thousands of locations around the globe where you can withdraw your funds in dollars, euros, or local Currency.
The United Nations International Computing Centre, which serves as a technical solution provider, is collaborating with the pilot to use the Stellar Aid Assist, a stellar-based product that lets users send money instantly and securely.
This pilot project providing humanitarian assistance using a digital wallet will serve as a possible lifeline for survival for fleeing Ukrainians and those whose banks are not accessible.
The deputy minister of Digital Transformation of Ukraine Oleksandr Bornyakov said in a statement that the project is an example of how the technology can transform humanitarian funds.
Money distributions are helping the war-impacted people to cover basic needs like housing, food, medical care, and heating during the winter, with the UNHCR confirming eligibility and distributing assistance.
According to Stellar Development Foundation CEO Denelle Dixon, along these lines, the funds are getting under the control of the individuals who need them “rapidly, straightforwardly, and without the requirement for bank accounts or credit or check cards.”
Last year, the Stellar Development Foundation (SDF) also declared that the Stellar blockchain will be utilized to guide an electronic variant of the hryvnia, the public currency of Ukraine.
“SDF, together with UNHCR, is understanding the commitment of blockchain and spearheading a new future for the conveyance of billions of dollars in help dispensed every year,” Dixon said in a proclamation.
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