WEF report shows how blockchains are changing humanitarian aid
What is a humanitarian stablecoin? Well, definitions vary but it broadly refers to donations and aid made possible by fintech platforms and fiat pegged crypto. A humanitarian stablecoin could mean instant cross-border aid without a loss in value. This concept has the potential to change the way countries deal with disasters and conflict.
For its part, the World Economic Forum released a white paper to take a closer look at various humanitarian stablecoins and tokens in existence today, to better understand their advantages and disadvantages.
In particular WEF studied Circle’s partnership with Airtm, the Diem payment system, Grameen Foundation and the Celo Platform, and the Inter-American Development Bank (IDB) and LACChain Blockchain Network.
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