Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁 Enjoyed this article? Share it with your friends! The Circle Foundation will support the United Nations Digital Hub of Treasury Solutions (DHoTS) to accelerate the flow of aid funds across the UN ecosystem. According to a press release, this offer was presented during a World Economic Forum session in Davos. Legacy systems that handle over $38 billion in aid each year often lag and add costs. This is not the first time Circle worked with the refugee agency. In 2022, they used USDC USDC $1.00 to deliver aid to displaced Ukrainians. Did you know? Want to get smarter & wealthier with crypto? Subscribe - We publish new crypto explainer videos every week! What is a Perpetual Contract in Crypto? (Definition + Example) SUBSCRIBE ON YOUTUBE The new grant's goal is to improve the DHoTS platform's ability to send funds more quickly, improve recordkeeping, and reduce overhead. It marks the Circle Foundation's first global initiative, backed by a 1% equity pledge from Circle Internet Group, Inc. The Circle Foundation's donation will support upgrades in payment infrastructure across UN bodies. It is designed to reduce handling costs and provide clearer logs, so donors know how their funds are spent. Funds will go toward modern tools that let agencies access global banking systems more quickly and reliably. Elisabeth Carpenter, Founding Chair of Circle Foundation, stated, "By helping DHoTS integrate digital financial infrastructure, including regulated stablecoins with embedded regulatory financial risk management, compliance, and integrated AI-enabled controls, we can help make aid faster, more transparent, and more accountable across the entire UN system". Recently, Chainlink LINK $12.28 announced plans to bring more of the US stock market onto blockchain networks. How? Read the full story. Aaron S. Editor-In-Chief Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers. Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners. Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova. Full Bio See Our Experts Thirsty for the Hottest Crypto News in Your Inbox? Get crypto-smart in just 3 mins a day with our newsletter! Join 120,000+ subscribers & get a juicy Daily Squeeze of the hottest, jargon-free news and insights straight to your inbox. Subscribe
==============
Компания Circle Foundation предоставит финансирование для улучшения платформы DHoTS, используемой Организацией Объединенных Наций для ускорения и повышения прозрачности потока средств, особенно в контексте доставки помощи. Это включает модернизацию инфраструктуры платежей, интеграцию с цифровыми валютами и снижение операционных издержек, что позволит обеспечить более эффективное использование средств доноров и улучшить учет транзакций.
