- Stellar improves financial transactions by offering a faster and more cost-effective blockchain solution for cross-border payments.
- The United Nations and Humanitarian Organizations use Stellar to deliver direct cash help efficiently and safely.
Stellaire Blockchain is to redefine how organizations transfer money by offering a faster, more transparent and more cost -effective solution. This is in contrast to most financial systems, which form high costs and long -term processing periods.
Anna Witson-Diaz, a representative of the Stellar Development Foundation (SDF), recently emphasized the misconceptions about cryptocurrency in a message about X. Although the concept of crypto is close to many people, Stellar focuses on financial inclusion. The platform offers handy and effective means for transactions for Development projects, Especially those who prevent international boundaries.
What is the point of picking up millions for humanitarian aid if it takes weeks – or never arrives? ⏳
Anna Whitson-Diaz from @stellarorg investigates how blockchain solves this and help organizations to move immediately, transparent and without the usual obstacles. pic.twitter.com/qfeht0a8h8
– Financing the Commons (@Fundingcommons) 4 March 2025
Stellars role in international development
Witson-Diaz, who previously worked with the United Nations system, emphasized the need for international payments, in particular for cross-border payments. She noted that donors and humanitarian organizations need an effective system that makes fast, safe and cheap transactions possible. Auxiliary distribution due to traditional financing mechanisms, however, suffers from problems such as high transaction costs and processing time, making it less efficient.
Stellar’s blockchain Tackles these challenges using a well -designed payment channel network. It gives the insurance that donated funds come directly to the intended beneficiaries without going through unnecessary intermediaries. Such a level of efficiency and transparency is crucial for organizations involved in the management of large -scale humanitarian aid projects.
Stellar also works together with the High Commissioner of the United Nations for Refugees (UNHCR) to achieve refugees and affected communities directly with cash assistance. By using an open-source blockchain protocol, Stellar guarantees that funds will reach the intended end users as quickly as possible and without intermediaries.
This collaboration has paid more than $ 5 million to more than 2500 households, so that people in areas affected by conflicts are helped to find some financial delay. This reduces the problems that are normally seen in conventional transfer of help and makes the process more efficient for humanitarian organizations.
Other programs include Stellar Aid Assist, who uses blockchain technology to offer on-demand and affordable help. The service has been launched in Ukraine in collaboration with the International Rescue Committee (IRC) and aims to offer cash help to recipients via their smartphones.
As us reportedSDF was recently collaborated with the Development Program of the United Nations (UNDP) to develop new use cases in financial inclusion on the blockchain. The partnership supports the goals for sustainable development of the UN, including poverty and economic development. The campaign uses Stellar’s blockchain to stimulate the delivery of fair economic opportunities within the development hubs.
XLM price movement
In combination with its growing acceptance in humanitarian and financial initiatives, the fantastic (XLM) market has also increased. Its value has risen by 7% In the last 24 hours and 4% in the past week, currently trade up $ 0.3063. Moreover, the recent increase has increased its market capitalization to $ 9.4 billion.
According to Coinglass, long traders dominate the market. The volume ratio of the Taker Buy/Sell has hit 1.30. This means that 60% of the positions were long, while 40% were short.
The long/short account ratio was also 55% for long accounts and 45% for short accounts. The drastic increase compared to the opening at 0.37963 to 0.2855 was due to taking profit and short coverage.
Credit : cryptonews.net
