Connect with us

Crypto is changing how humanitarian agencies deliver aid and services

The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make…

Published

on

The primary use case for cryptocurrency in most wealthy countries is acquiring it and holding it, trading it, or using it in various other ways to make more money. In the developing world, where access to financial and banking systems is limited or nonexistent, innovative humanitarian organizations are piloting micro-blockchain ecosystems.

In the summer of 2021, Hope for Haiti was ready to launch a cryptocurrency pilot program to provide 150 mothers with cellphones, digital wallets and payment cards that use near-field communication technology. Each mom participating in its community nutrition program was set to receive $50 per month in cUSD for six months to spend on family essentials. A select group of local vendors was trained to use the system and poised to accept the cryptocurrency payments. On Aug. 14, a magnitude 7.2 earthquake rocked Haitis Tiburon Peninsula, decimating the area.

Hope for Haiti had to delay the project and immediately shifted to disaster relief. The organization received thousands in cryptocurrency donations in short order. Skyler Badenoch, Hope for Haitis CEO, tells Magazine: We probably brought in a hundred grand in crypto to support our earthquake relief efforts. Whether it was $50,000 in Bitcoin from Binance Charity. [..] We were getting Ethereum donated to us. We got $10,000 in Dogecoin donated to us. It came from all over.

 

 

 

 

Just a year earlier, Sandra Uwantege Hart, who at the time was Oxfam Internationals blockchain innovations and cash transfer lead, was preparing to launch a cryptocurrency pilot in the south Pacific Ocean country of Vanuatu. After a successful first effort in the region, Uwantege Hart was hoping to scale Oxfams UnBlocked Cash solution fivefold for this ambitious phase-two project.

Then, just days before launch, Cyclone Harold slammed into the island nation. The category 5 storm decimated parts of the archipelago, an island chain economically dependent on tourism that was already reeling from COVID-19 lockdowns and an active volcanic eruption.

 

 

 

 

Almost overnight, Oxfam and its local partners brought to scale a blockchain lifeline, originally tested with 200 participants and 27 local vendors, to nearly 5,000 households and 357 vendors. They worked with the local chamber of commerce to issue cell phones to merchants and train them on the UnBlocked Cash system. On the ground, a network of about 15 charitable organizations enrolled affected citizens and managed the system. In a conversation with Magazine, Uwantege Hart says that Its almost like the whole idea of a decentralized, distributed model is exactly what worked in terms of how we operated and deployed the system. She adds:

Lets decentralize, lets provide a really good automated tool to deliver assistance and decentralize the way that tool is deployed across multiple organizations in multiple locations concurrently, to make sure that we can scale as quickly as possible.

Uwantege Hart went on to co-found the global technology firm Emerging Impact. Partnering with the Celo Foundation, Kotani Pay and Polish Humanitarian Action, Emerging Impact soon facilitated efforts to integrate DeFi tools into a cash reward program in Kenya. Celo, the donor, built a dashboard to deposit funds directly into Kotani Pay wallets. In the field, Kotani Pay recruited Maasai women to participate in the pilot while Polish Humanitarian Action monitored transparency. According to Uwantege Hart, I cant even tell you how much time that saves.

 

 

 

 

She clarifies further that to make it happen, multiple players from all over came together: “This is between Celo, based in California; Polish Humanitarian Action, based in Poland, with some offices in Somalia; and the implementing partner in rural Kenya, and Maasai women who are building rural infrastructure, building dams to conserve water, so that they can start to increase their agricultural output.

Umoja

The experiences gained and lessons learned in these pilots led to the development of Emerging Impacts Umoja solution, an all-in-one humanitarian assistance suite. One of the first projects to utilize the system was CAREs digital cash and voucher assistance pilot in Ecuador, initiated in September 2021. CARE Ecuadors monitoring coordinator, Ronald Pisco, tells Magazine the pilot provides electronic vouchers and NFC payment cards to 250 women who dont have access to public services.

The participants, primarily migrants and refugees from Venezuela, can use the cards to purchase health services, medicine and hygiene products from 10 participating vendors. The cards are loaded with $50 to $100 in cUSD, with the vendors cashing out and converting the stablecoins into local currency on a weekly or monthly basis.

 

 

 

CARE USAs senior director for market-based approaches, Christian Pennotti, tells Magazine that The end recipients, […] theyre getting handed a card that they can pay for goods and services. [..] They dont have to download a special wallet. They dont need a 17-digit-long key.

Although there can be a high technical barrier to entry into the crypto space, such as access to the internet and cell phones and the need for technological literacy things currently inaccessible to the programs participants Pennotti believes this exchange is pretty straightforward for the women who are participating: On the back end, theres a whole bunch of really incredible things happening. But in her experience, CARE is able to hand her a card, and she gets what she needs.

CARE wanted to test a blockchain-based, easy-to-use, cashless solution to replace an inefficient paper-based voucher system. According to Pisco, it can take weeks to pay back vendors. CARE staff would have to keep track of all the paper vouchers, collect them and send them back to the office. The process is expensive and time-consuming. Uwantege Hart shares that preliminary metrics from the pilot suggest delivery times have been shaved down by more than 50%. Costs have gone down, and ease of monitoring has gone up.

 

 

 

 

Umojas other debut deployment is back on track, as the temporarily delayed Hope for Haiti pilot is currently in progress and recently doubled in size and scope thanks to Coinbase. According to Badenoch, when Coinbase heard about the pilot just after the earthquake, it contributed $150,000. It saw the project as something that would continue to help victims of the earthquake, long after everyone else had gone home.

Badenoch believes that This is the next iteration of our work in our collaboration with important players in the cryptocurrency and blockchain ecosystem. He adds further:

We think that its going to help us tell the story about the value and the power of cryptocurrency and blockchain technology and the ability of crypto and blockchain to help alleviate poverty.

According to Badenoch, Coinbases role in the project is the difference between piloting something that is temporary help and piloting something that actually shifts the way a household economy functions. Hope for Haiti integrated Digicels mobile cash solution into the cash-out process for participating vendors, which means there is a local off-ramp within Haitis financial ecosystem. That is huge. That is the difference between financial inclusion and giving money, according to Uwantege Hart.

 

 

 

 

Financial inclusivity

Uwantege Hart believes that humanitarian aid is ultimately short-term assistance. She says that one of the challenges for all humanitarian agencies is how to responsibly transition people from receiving a bunch of stuff or payments for free into a scenario more focused on recovery, where they are able to connect the assistance received to regular access to goods or services in their everyday lives.

Progression out of poverty, or the risk-prone situation that has exposed them to poverty, is the primary objective. Emerging Impact hopes to eventually segregate wallets, still attaching them to payment cards but also to payment apps and individual savings accounts.

Following that same train of thought, CAREs other crypto pilot worked with village savings and loans associations in western Kenya adversely affected by the COVID-19 pandemic. In Siaya County, a rural area dependent upon agriculture, CARE asked savings group members what they needed to make them whole. According to Pennotti, they all said they needed more funds to sustain current group businesses or startup funds to facilitate income streams generated from new group businesses.

 

 

 

 

Although nearly 85% of the people CARE works with in Kenya are unbanked and dont have full access to the financial system, many have mobile wallets. Binances Blockchain Charity Foundation funded this project by directly depositing BUSD, a stablecoin pegged to the U.S. dollar, into participants Trust Wallets. The groups then use those funds to purchase goods and services from local vendors.

 

 

The best of blockchain, every Tuesday

Subscribe for thoughtful explorations and leisurely reads from Magazine.


By subscribing you agree to our Terms of Service and Privacy Policy

 

 

Helen Hai, executive vice president at Binance and head of Binance Charity, tells Magazine, Our pilot project working with CARE and village savings and loans associations was new territory for Binance Charity, but one we found hugely exciting because if successful, it would provide a solution for delivering cash assistance and reaching many financially vulnerable people with a much lower cost compared with traditional methods.

She explains how the process works: All transactions are recorded on the public ledger, which is trackable, immutable and offers 100% transparency to the public. Hai adds:

Our aim was to promote the economic recovery of VSLA members from the impact of COVID-19 and associated vulnerabilities, through the provision of stablecoins offered via blockchain technology. Crypto education was a key part of the success of this project, which meant we were also able to provide a new skill as well as financial assistance.

According to Pennotti, one of the objectives in Kenya was to understand if the tech would work in these communities. Would it be accepted, and what might the benefits be for CARE and for donors?

The other objective was to build institutional awareness around the potential for financial inclusivity. Pennotti was looking for a DeFi project that would help on-ramp these groups to crypto, potentially then taking advantage of staking and other sorts of wealth-generators like yield farming in a way that is accessible. You dont have to understand how it all works, just what the financial benefits are, Pennotti said.

 

 

 

 

Read More

Continue Reading

Spread & Containment

The Coming Of The Police State In America

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now…

Published

on

The Coming Of The Police State In America

Authored by Jeffrey Tucker via The Epoch Times,

The National Guard and the State Police are now patrolling the New York City subway system in an attempt to do something about the explosion of crime. As part of this, there are bag checks and new surveillance of all passengers. No legislation, no debate, just an edict from the mayor.

Many citizens who rely on this system for transportation might welcome this. It’s a city of strict gun control, and no one knows for sure if they have the right to defend themselves. Merchants have been harassed and even arrested for trying to stop looting and pillaging in their own shops.

The message has been sent: Only the police can do this job. Whether they do it or not is another matter.

Things on the subway system have gotten crazy. If you know it well, you can manage to travel safely, but visitors to the city who take the wrong train at the wrong time are taking grave risks.

In actual fact, it’s guaranteed that this will only end in confiscating knives and other things that people carry in order to protect themselves while leaving the actual criminals even more free to prey on citizens.

The law-abiding will suffer and the criminals will grow more numerous. It will not end well.

When you step back from the details, what we have is the dawning of a genuine police state in the United States. It only starts in New York City. Where is the Guard going to be deployed next? Anywhere is possible.

If the crime is bad enough, citizens will welcome it. It must have been this way in most times and places that when the police state arrives, the people cheer.

We will all have our own stories of how this came to be. Some might begin with the passage of the Patriot Act and the establishment of the Department of Homeland Security in 2001. Some will focus on gun control and the taking away of citizens’ rights to defend themselves.

My own version of events is closer in time. It began four years ago this month with lockdowns. That’s what shattered the capacity of civil society to function in the United States. Everything that has happened since follows like one domino tumbling after another.

It goes like this:

1) lockdown,

2) loss of moral compass and spreading of loneliness and nihilism,

3) rioting resulting from citizen frustration, 4) police absent because of ideological hectoring,

5) a rise in uncontrolled immigration/refugees,

6) an epidemic of ill health from substance abuse and otherwise,

7) businesses flee the city

8) cities fall into decay, and that results in

9) more surveillance and police state.

The 10th stage is the sacking of liberty and civilization itself.

It doesn’t fall out this way at every point in history, but this seems like a solid outline of what happened in this case. Four years is a very short period of time to see all of this unfold. But it is a fact that New York City was more-or-less civilized only four years ago. No one could have predicted that it would come to this so quickly.

But once the lockdowns happened, all bets were off. Here we had a policy that most directly trampled on all freedoms that we had taken for granted. Schools, businesses, and churches were slammed shut, with various levels of enforcement. The entire workforce was divided between essential and nonessential, and there was widespread confusion about who precisely was in charge of designating and enforcing this.

It felt like martial law at the time, as if all normal civilian law had been displaced by something else. That something had to do with public health, but there was clearly more going on, because suddenly our social media posts were censored and we were being asked to do things that made no sense, such as mask up for a virus that evaded mask protection and walk in only one direction in grocery aisles.

Vast amounts of the white-collar workforce stayed home—and their kids, too—until it became too much to bear. The city became a ghost town. Most U.S. cities were the same.

As the months of disaster rolled on, the captives were let out of their houses for the summer in order to protest racism but no other reason. As a way of excusing this, the same public health authorities said that racism was a virus as bad as COVID-19, so therefore it was permitted.

The protests had turned to riots in many cities, and the police were being defunded and discouraged to do anything about the problem. Citizens watched in horror as downtowns burned and drug-crazed freaks took over whole sections of cities. It was like every standard of decency had been zapped out of an entire swath of the population.

Meanwhile, large checks were arriving in people’s bank accounts, defying every normal economic expectation. How could people not be working and get their bank accounts more flush with cash than ever? There was a new law that didn’t even require that people pay rent. How weird was that? Even student loans didn’t need to be paid.

By the fall, recess from lockdown was over and everyone was told to go home again. But this time they had a job to do: They were supposed to vote. Not at the polling places, because going there would only spread germs, or so the media said. When the voting results finally came in, it was the absentee ballots that swung the election in favor of the opposition party that actually wanted more lockdowns and eventually pushed vaccine mandates on the whole population.

The new party in control took note of the large population movements out of cities and states that they controlled. This would have a large effect on voting patterns in the future. But they had a plan. They would open the borders to millions of people in the guise of caring for refugees. These new warm bodies would become voters in time and certainly count on the census when it came time to reapportion political power.

Meanwhile, the native population had begun to swim in ill health from substance abuse, widespread depression, and demoralization, plus vaccine injury. This increased dependency on the very institutions that had caused the problem in the first place: the medical/scientific establishment.

The rise of crime drove the small businesses out of the city. They had barely survived the lockdowns, but they certainly could not survive the crime epidemic. This undermined the tax base of the city and allowed the criminals to take further control.

The same cities became sanctuaries for the waves of migrants sacking the country, and partisan mayors actually used tax dollars to house these invaders in high-end hotels in the name of having compassion for the stranger. Citizens were pushed out to make way for rampaging migrant hordes, as incredible as this seems.

But with that, of course, crime rose ever further, inciting citizen anger and providing a pretext to bring in the police state in the form of the National Guard, now tasked with cracking down on crime in the transportation system.

What’s the next step? It’s probably already here: mass surveillance and censorship, plus ever-expanding police power. This will be accompanied by further population movements, as those with the means to do so flee the city and even the country and leave it for everyone else to suffer.

As I tell the story, all of this seems inevitable. It is not. It could have been stopped at any point. A wise and prudent political leadership could have admitted the error from the beginning and called on the country to rediscover freedom, decency, and the difference between right and wrong. But ego and pride stopped that from happening, and we are left with the consequences.

The government grows ever bigger and civil society ever less capable of managing itself in large urban centers. Disaster is unfolding in real time, mitigated only by a rising stock market and a financial system that has yet to fall apart completely.

Are we at the middle stages of total collapse, or at the point where the population and people in leadership positions wise up and decide to put an end to the downward slide? It’s hard to know. But this much we do know: There is a growing pocket of resistance out there that is fed up and refuses to sit by and watch this great country be sacked and taken over by everything it was set up to prevent.

Tyler Durden Sat, 03/09/2024 - 16:20

Read More

Continue Reading

Government

Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

Published

on

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

Read More

Continue Reading

Uncategorized

February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

Published

on

By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

Read More

Continue Reading

Trending