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Trump administration’s blockchain plan for USAID is a real head-scratcher | Whatever happens to USAID, it will apparently "leverage blockchain technology."
Whatever happens to USAID, it will apparently “leverage blockchain technology.”…
The memo does not make clear what specifically this means—if it would encompass doing cash transfers in some kind of cryptocurrency or stablecoin, for example, or simply mean using a blockchain ledger to track aid disbursement. In 2022, the United Nations High Commissioner for Refugees (UNHCR) ran a small pilot to give cash assistance to Ukrainians displaced by the Russia-Ukraine war in a stablecoin. One representative from an NGO that uses blockchain technology, but wasn’t authorized to speak to the media with regards to issues relating to USAID, says that particularly with regards to money transfers, stablecoins can be faster and easier than other methods of reaching communities impacted by a disaster.
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