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Blockchain is kickstarting the financial lives of refugees

by Futures Centre, Oct 27
1 minute read

A Finnish start-up, Moni, has developed an idea to help refugees get on their feet faster. Often lacking official documents or permanent addresses, refugees find it challenging to establish themselves in their host countries. By using a cryptographic ledger called blockchain, Moni overcomes this barrier to provide refugees with prepaid cards, to carry the current cash payments of government benefits, which MONI says are neither cheap to deliver or safe. When the refugees eventually get jobs, their salaries can be paid to MONI accounts as well. The system is currently being tested by the Finnish Government. 


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