{"id":23864,"date":"2022-12-15T23:27:32","date_gmt":"2022-12-15T23:27:32","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/15\/the-u-n-s-refugee-agency-is-sending-crypto-to-ukrainian-refugees\/"},"modified":"2022-12-15T23:27:32","modified_gmt":"2022-12-15T23:27:32","slug":"the-u-n-s-refugee-agency-is-sending-crypto-to-ukrainian-refugees","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/15\/the-u-n-s-refugee-agency-is-sending-crypto-to-ukrainian-refugees\/","title":{"rendered":"The U.N.&#8217;s refugee agency is sending crypto to Ukrainian refugees"},"content":{"rendered":"<p> <a href=\"https:\/\/go.fiverr.com\/visit\/?bta=1052423&nci=17043\" Target=\"_Top\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" src=\"https:\/\/mailinvest.blog\/wp-content\/themes\/breek\/assets\/images\/transparent.gif\" data-lazy=\"true\" data-src=\"https:\/\/fiverr.ck-cdn.com\/tn\/serve\/?cid=40081059\"  width=\"601\" height=\"201\"><\/a>\n<\/p>\n<div>\n<div class=\"wpds-c-grBDNq hide-for-print mb-sm undefined\">\n<div class=\"PJLV PJLV-iAjpuP-css flex items-center\" config=\"[object Object]\" data-qa=\"article-actions\">\n<div class=\"wpds-c-fLphcs\">\n<div class=\"wpds-c-jmLDag wpds-c-jmLDag-bywHgD-variant-primary wpds-c-jmLDag-biynoz-density-compact wpds-c-jmLDag-hZSyid-isOutline-true wpds-c-jmLDag-ejCoEP-icon-left wpds-c-jmLDag-futxca-cv wpds-c-jmLDag-iknmtxO-css\"><button aria-label=\"Comment\" class=\"PJLV PJLV-iPnDcc-css\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"0 0 16 16\" fill=\"currentColor\" aria-hidden=\"true\" focusable=\"false\" role=\"img\" class=\"wpds-c-kKAfCG wpds-c-efqEZa focus-highlight flex items-center justify-center brad-lg pointer transition-400 ease-in-out transition-colors\" aria-label=\"Comment on this story\"><title>Comment on this story<\/title><path d=\"M14 14V2H2v9.47h8.18L12.43 13ZM3 10.52V3h10v9.23l-2.5-1.66Z\"\/><\/svg><\/button><\/p>\n<p>Comment<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"teaser-content grid-center\">\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The United Nations <a href=\"https:\/\/www.unhcr.org\/ua\/en\/52555-unhcr-launches-pilot-cash-based-intervention-using-blockchain-technology-for-humanitarian-payments-to-people-displaced-and-impacted-by-the-war-in-ukraine-unhcr-has-launched-a-first-of-its-kind-integ.html\" target=\"_blank\" rel=\"noopener\">said Thursday<\/a> it will start aiding people displaced by Russia\u2019s <a href=\"https:\/\/www.washingtonpost.com\/world\/2022\/12\/15\/russia-ukraine-war-latest-updates\/?itid=lk_inline_manual_2\" target=\"_blank\" rel=\"noopener\">war in Ukraine<\/a> with cryptocurrency.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The organization\u2019s refugee agency, the Office of the U.N. High Commissioner for Refugees (UNHCR), which often sends funds to those displaced from their homes for things like rent, food and heat, will transfer USD Coin (USDC) \u2014 a cryptocurrency pegged to the U.S. dollar and considered a stable coin \u2014 to uprooted Ukrainians who can ultimately exchange it for cash at MoneyGram locations worldwide.<\/p>\n<\/div>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Proponents said it will help displaced people get money quicker and limit loss or theft in transit \u2014 but some skeptics say that adding another layer to getting aid at a time when the cryptocurrency market is in upheaval could be problematic and risky.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cThey are basically telling people to get into crypto,\u201d said Molly White, a crypto critic who writes the blog Web3 Is Going Just Great. But there are \u201cparts of the crypto industry that involve enormous risks.\u201d<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/12\/13\/sbf-sec-fraud-charges\/?itid=lk_interstitial_manual_8\">U.S. charges FTX founder Sam Bankman-Fried with criminal fraud<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">UNHCR wasn\u2019t immediately available for an interview.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cSpeed is of the essence in humanitarian action,\u201d Karolina Lindholm Billing, the UNHCR representative to Ukraine, said in a statement announcing the move. \u201cIt\u2019s also essential to provide people with a range of options for receiving aid, as one size does not fit all.\u201d<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">In recent months, the cryptocurrency world has been in turmoil. A leading exchange, FTX, has filed for<a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/12\/sam-bankman-fried-ftx-demise\/?itid=lk_inline_manual_12\" target=\"_blank\" rel=\"noopener\"> bankruptcy<\/a>. Its former CEO, <a href=\"https:\/\/www.washingtonpost.com\/podcasts\/post-reports\/the-downfall-of-ftx\/?itid=lk_inline_manual_12\" target=\"_blank\" rel=\"noopener\">Sam Bankman-Fried<\/a>, is detained in the Bahamas on a litany of <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/12\/13\/sbf-sec-fraud-charges\/?itid=lk_inline_manual_12\" target=\"_blank\" rel=\"noopener\">fraud charges<\/a>. Bitcoin, a popular cryptocurrency, has lost significant value.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Other cryptocurrencies considered stable, such as <a href=\"https:\/\/www.washingtonpost.com\/business\/2022\/05\/12\/crypto-crash-terra-national-bitcoin\/?itid=lk_inline_manual_14\" target=\"_blank\" rel=\"noopener\">TerraUSD<\/a>, have collapsed in recent months.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Still, cryptocurrency has already played an important role in the war. The government raised close to $100 million in crypto donations in the early days of the war to fund operations, government officials said <a href=\"https:\/\/www.coindesk.com\/business\/2022\/03\/09\/ukraine-has-received-close-to-100-million-in-crypto-donations\/\" target=\"_blank\" rel=\"noopener\">in March<\/a>.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/business\/2022\/11\/12\/sam-bankman-fried-ftx-demise\/?itid=lk_interstitial_manual_16\">Sam Bankman-Fried charmed Washington. Then his crypto empire imploded.<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Now, the United Nations will pilot its crypto aid program in the Ukrainian cities of Kyiv, Lviv and Vinnytsia. It has been tested for six months and will expand to more \u201cwar-affected\u201d people inside the country and Ukrainian refugees in 2023, officials said. It is unclear how successful the tests have been.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">To receive funds, uprooted people will have to download a virtual wallet app, called Vibrant, on a smartphone. Money, in the form of USDC, will be transferred to their account. From there, they can exchange the cryptocurrency into euros, dollars or other local currency at one of roughly 4,500 MoneyGram locations in Ukraine.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The currency is on the Stellar blockchain, a network for crypto money exchange. The program is co-developed with the Stellar Development Foundation, a nonprofit that advocates for use of the Stellar blockchain.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Stellar officials said that in the past humanitarian aid projects have been limited in scope due to geographical constraints, but using cryptocurrency allows it to scale worldwide, bringing concerns from others.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Oleksandr Bornyakov, Ukraine\u2019s deputy minister of digital transformation, said that using cryptocurrency to dole out humanitarian aid is a good use case and will be crucial for the safety of his citizens.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cFor fleeing Ukrainians, and primarily for those whose banks are inaccessible, this pilot project \u2026 will serve as a possible lifeline for survival,\u201d he said in a statement.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">Still, having people download a cryptocurrency wallet exposes them to a risky world of cryptocurrencies, White, the cryptocurrency critic, added.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p><span class=\"font--article-body font-copy hide-for-print ma-0 pb-md db italic interstitial\"><a data-qa=\"interstitial-link\" href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/29\/crypto-addiction\/?itid=lk_interstitial_manual_28\">Insomnia, addiction, depression: The dark side of life trading crypto<\/a><\/span><\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cMost crypto wallets are constantly trying to get you to buy more crypto,\u201d she added, leading her to worry people might end up dabbling in other cryptocurrency such as bitcoin or \u201ccrazy <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/06\/will-smith-oscars-slap-memecoin\/?itid=lk_inline_manual_29\" target=\"_blank\" rel=\"noopener\">altcoins<\/a>,\u201d which many regard as akin to <a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/04\/29\/crypto-addiction\/?itid=lk_inline_manual_29\" target=\"_blank\" rel=\"noopener\">gambling<\/a>.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">The real winners in these programs, she said, are cryptocurrency companies who get coverage saying that they\u2019ve found a powerful reason for cryptocurrency to exist.<\/p>\n<\/div>\n<div class=\"article-body\" data-qa=\"article-body\">\n<p data-qa=\"drop-cap-letter\" data-el=\"text\" class=\"wpds-c-cYdRxM wpds-c-cYdRxM-iPJLV-css font-copy\">\u201cIt isn\u2019t actually helping people,\u201d she said.<\/p>\n<\/div>\n<section class=\"dn-ns hide-for-print\" data-testid=\"mostRead\" subscriptions-section=\"content\"\/><\/div>\n<iframe data-lazy=\"true\" data-src=\"https:\/\/www.fiverr.com\/gig_widgets?id=U2FsdGVkX18x7XQvttUTrv1oEqmGNGTgvvCUiUoJ\/AP4z\/UyMz8lXGOLpu15jIMxBbTR0gmD5uBoFvhC4KWeALQRp3h\/X\/AwcVD0K8Wj9H\/ZzYKzcCNHosB9oS4SCJJFWiN85P9ICAc4OgCoE\/wHKIY7CDkf2\/DQ1vqGvk4smVe5cRDEmrLPCWi4FC8p40VUhSmWQ5udCm0zoJtorgWv3vbDQw0kKYkwn39ozAnQXDe+YvWMxkLFWA+O3TFwkJvdkIK+\/AUSnRssPKt5WHY0FhNOxnSPcLslEL4G4\/RfP95ve99U+kRnDy3X+KtzdQLY+u935ghON\/o3UE4IMv9oN6JX9RnxzL\/LRcOgnHigxStSGPKsZYtnz8RWNVT\/rOLAibqiWJadC5MYHRbekF3eg6FOGrQGkXYbsn0+a5aovnlLCbLwIqY9fcS17UX8J235iQ6cdmHNbrPeS84CMm34RA==&affiliate_id=1052423&strip_google_tagmanager=true\" loading=\"lazy\" data-with-title=\"true\" class=\"fiverr_nga_frame\" frameborder=\"0\" height=\"350\" width=\"100%\" referrerpolicy=\"no-referrer-when-downgrade\" data-mode=\"random_gigs\" onload=\" var frame = this; var script = document.createElement('script'); script.addEventListener('load', function() { window.FW_SDK.register(frame); }); script.setAttribute('src', 'https:\/\/www.fiverr.com\/gig_widgets\/sdk'); document.body.appendChild(script); \" ><\/iframe>\n<br \/><a href=\"https:\/\/www.washingtonpost.com\/technology\/2022\/12\/15\/un-crypto-ukraine-refugees\/?utm_source=rss&#038;utm_medium=referral&#038;utm_campaign=wp_business-technology\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comment on this story Comment The United Nations said Thursday it will start aiding people displaced by Russia\u2019s war in Ukraine with cryptocurrency. The organization\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":23865,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-23864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech-universe"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The U.N.&#039;s refugee agency is sending crypto to Ukrainian refugees - mailinvest.blog<\/title>\n<meta name=\"description\" content=\"Technology is forever changing, and there are always new pieces of technology to replace obsolete ones. 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