The Algorand Foundation leads the establishment of the Humanitarian Payments Committee
2024-06-26 12:58:19
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The Algorand Foundation has led the creation of the Humanitarian Payments Committee, which includes Circle, Worldpay Global, Mercy Corps Ventures, UN Development, HesabPay, and aims to revolutionize aid delivery using blockchain technology. The purpose of the committee is to advise the United Nations, agencies, and non-governmental organizations on the use of blockchain for aid payments, ensuring secure, transparent, and traceable delivery. Additionally, they will develop a roadmap for blockchain-based cash initiatives in underprivileged areas.
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