An Unlikely Source of Crypto Innovation: Afghanistan
AI Summary
Despite the Taliban's suspicion of the internet, an Afghan start-up called HesabPay is developing blockchain-based technology to improve humanitarian aid delivery. HesabPay's system facilitates cash transfers, bypassing issues like cash scarcity and high transfer fees in conflict zones. The UN Refugee Agency already uses HesabPay to support over 86,000 families in Afghanistan. Mercy Corps has partnered with HesabPay to expand its reach to Syria, where individuals like a farmer received cryptocurrency to rebuild their livelihoods. Programs are also being developed for Sudan and Haiti.
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