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Paris Blockchain Week awarded the United Nations High Commissioner for Refugees (UNHCR) for its innovative approach to using cryptocurrency to assist internally displaced Ukrainian refugees. UNHCR uses crypto to aid internally displaced Ukrainians According to Trustnodes, the UNHCR, the UN’s refugee agency, has been awarded for using crypto to help displaced refugees
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The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (IDPs) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures the funds are instantly transferred to the intended recipients.
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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
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