The disbursement of humanitarian aid has been a historical challenge for many organizations aiming to provide relief around the globe. The Stellar Development Foundation’s Aid Assist program is aiming to change that.
Powered by the Stellar blockchain, Stellar is on a mission to democratize access to financial services, with the goal of revolutionizing how humanitarian aid reaches its recipients through innovative digital wallets – an approach born from the 2022 Russian invasion of Ukraine and since expanded to other areas of need.
Join Tori Samples, Sr. Product Manager, Stellar Aid Assist, as she sheds light on the recent shift towards cash-based assistance and the pivotal role of blockchain in enhancing transparency, reducing costs, and speeding up transactions in financial aid. Learn how Stellar Aid Assist facilitates secure and efficient fund transfers directly to individuals’ phones for fast, affordable, and transparent payments.
We also cover:
- The potential of blockchain to protect against currency devaluation, with Stellar’s platform allowing for the creation and issuance of diverse asset types.
- Stellar’s impact on the payroll and disbursement sectors, particularly in cross-border payments and humanitarian efforts.
- The exciting outlook for the future of blockchain technology, underscored by a commitment to user-friendly, regulation-compliant innovations.
Disclaimer: Converge is Convera’s new podcast that discusses a range of financial services topics. We want to remind our listeners that the information shared on this podcast is for informational purposes only and should not be considered financial advice. Please note that the opinions expressed on Converge are solely the opinions of the host and the guests, not Convera’s.