BM Expands Digital Aid Payments Through Stellar Network

The United Nations Development Programme (UNDP) is moving to implement blockchain-based aid payments. The system aims to support the distribution of humanitarian aid through digital payments on the Stellar network. UNDP is actively running pilot projects in Haiti, Syria, Kenya, Guatemala, and Gambia. These initiatives are used for the direct delivery of aid payments and the receipt of money transfers. The organization plans to connect the system with over 170 local UNDP offices and country programs. Assessments are being conducted in 17 countries as part of the program. The current five pilot projects demonstrate that the initiative has transformed into a model used in the field. By 2026, it is anticipated that the XLM network will play a broader role in humanitarian financing infrastructure. The process involves UNDP, the Stellar Development Foundation, local NGOs, and regional payment gateways. Low transaction fees and fast payment times influenced the selection of Stellar. Developers indicate a need for wallets compliant with standards and new stablecoin issuance. Challenges in the implementation include compliance with local regulations, internet access, and liquidity. The expansion of the Stellar-based payment infrastructure could establish a common standard for digital payments within the United Nations. This development coincides with a period where multinational organizations are turning to blockchain solutions by 2026.

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