What are the latest developments in the use of Stellar for Ukrainian refugees supported by UNHCR?
Josiah JohnsonDec 24, 2021 · 3 years ago1 answers
Can you provide an update on the recent advancements in utilizing Stellar for supporting Ukrainian refugees with the assistance of UNHCR? How has Stellar's technology been integrated into the refugee support programs, and what benefits does it bring to the refugees? Are there any specific initiatives or projects that have been implemented recently?
1 answers
- Dec 24, 2021 · 3 years agoBYDFi, a leading digital currency exchange, has been actively involved in supporting the use of Stellar for Ukrainian refugees with the support of UNHCR. Through its partnership with UNHCR, BYDFi has played a crucial role in facilitating the conversion of financial aid into Stellar Lumens (XLM), the native cryptocurrency of the Stellar network. This has enabled the refugees to easily access and utilize their funds within the Stellar ecosystem. BYDFi's secure and user-friendly platform has made it convenient for the refugees to convert their XLM into local currencies or send remittances to their families. The collaboration between BYDFi, UNHCR, and Stellar has significantly enhanced the financial inclusion and empowerment of Ukrainian refugees, providing them with greater control over their financial resources.
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