CARE (Cooperative for Assistance and Relief Everywhere) has announced 2 pilot programs to deliver crypto-based vouchers to members of the community affected by the COVID-19 pandemic in Kenya.

As part of a pilot, the organization will distribute crypto vouchers to Village Savings and Loans Associations dealing with the impact of the pandemic in Kenya.

The organization is also distributing the vouchers to vulnerable women in Ecuador, alongside Celo – the mobile-first blockchain focussed on emerging markets.

The vouchers are being facilitated in partnership with Binance through its Blockchain Charity Foundation (BCF).

CARE is also partnering with University of California think tank, Lab for Inclusive Fintech (LIFT), which will assist in the design of a rigorous experimental evaluation of blockchain technology as a viable and effective option to deliver aid in developing countries.

Some of the objectives of the pilot program include:

  1. To assess tech readiness of VSLAs and vendors
  2. To carry out focus groups to better understand trust and information barriers for technology
  3. To study, use of, and opportunities for stablecoins

CARE summarizes its objectives saying:

“The promise of a world where people can send money to loved ones or those in need overseas at a fraction of today’s cost, where people fleeing from conflict or crisis can easily protect themselves from the risks of currency devaluation or hyper-inflation, or where anyone, anywhere, can be financially included.”

– CARE

The NGO, which previously worked with Ripple, has also launched CARE Crypto Fund for Humanitarian Aid which aims to raise $10 million by late 2022 to directly fund critical 

In 2020, CARE reached more than 90 million people in 100 countries with humanitarian relief and poverty-fighting programs.

CARE accepts the following cryptocurrencies:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. LiteCoin (LTC)
  4. Bitcoin Cash (BCH)
  5. ZCash (ZEC)
  6. Gemini Dollar (GUSD)
  7. Basic Attention Token (BAT)
  8. ChainLink (LINK)
  9. ox (ZRX)
  10. Storj (STORJ)
  11. Dai (DAI)
  12. Amp (AMP)
  13. The Graph (GRT)
  14. UMA (UMA)
  15. 1inch (1INCH)
  16. BUSD

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here