Crypto/FinTech, AML, Economic Sanctions & Investigations Attorney; Former Federal Prosecutor (My views alone; not speaking for anyone else.)
🌎 Delivering #humanitarian aid to Ukrainians in #Ukraine and to Ukrainian refugees via crypto is an amazing use case for #digitalassets. 💸 Fast, easy, inexpensive #crossborder #payments in the form of the #stablecoin USDC on the Stellar Network. No need for a third-party institution to get your money; all Ukrainians needed was a mobile phone to download a digital wallet to receive the USDC. 📉 And because the payments were in USDC, no risk of volatility in the digital asset they received. Recipients could then use this stablecoin for payment, or cash out their USDC at a local money transmitter in the local currency equivalent. ✅ If you have some time, please support the Stellar Development Foundation team (including Christin Spradley) by voting for Stellar Aid Assist in the Webby Awards: Best Use of Web3 Technology category. #crypto #usdc #cryptocurrency
Aid Assist built on the Stellar Disbursement Platform (SDP) is a finalist for a prestigious Webby Award on Best Use of Web3 Technology. The technology has helped UNHCR distribute over $2.2M in aid to Ukraine so far. They have a People's Choice award based on a public community vote. If you could take a moment to cast your vote for Stellar by April 18th. Thank you for the support! Link: https://lnkd.in/eVG_2awZ
