United Nations to Use Cryptocurrency to Support Ukraine

United Nations Will Use Cryptocurrency To Support Ukraine!

The process, which started with Russia’s invasion of Ukraine, soon became one of the main issues in the crypto money world. Both the macroeconomic problems experienced and the donations made with crypto were among the main issues. at the United Nations (UN) stellar (XLM) wants to help people who are victims of war.

The Stellar Development Foundation has partnered with the United Nations High Commissioner for Refugees (UNHCR) to launch a piloted aid program in the Ukrainian cities of Lviv, Kyiv and Vinnytsia. Through this program, the UN will distribute cash in the form of USD Coin (USDC) to IDPs and those affected by the war.

United Nations to Use Cryptocurrency to Support Ukraine

The blockchain-based program will use the buyer’s Stellar-based Vibrant digital wallets. USDCThe use of .

Thanks to this program cryptocurrencyThe real-world usage scenarios of these devices will also expand. However, in this scenario, volatile value will not be taken into account, as stablecoins are used. Karolina Lindholm Billing, UNHCR Ukraine Representative, said the following on the subject.

“UNHCR has been collaborating for years with the technology sector, which has played a crucial role in helping us innovate to deliver aid faster, as speed is crucial in humanitarian action.”

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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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