The vouchers are being facilitated in partnership with Binance through its Blockchain Charity Foundation (BCF).
CARE is also partnering with University of California think tank, Lab for Inclusive Fintech (LIFT), which will assist in the design of a rigorous experimental evaluation of blockchain technology as a viable and effective option to deliver aid in developing countries.
Some of the objectives of the pilot program include:
To assess tech readiness of VSLAs and vendors
To carry out focus groups to better understand trust and information barriers for technology
To study, use of, and opportunities for stablecoins
CARE summarizes its objectives saying:
“The promise of a world where people can send money to loved ones or those in need overseas at a fraction of today’s cost, where people fleeing from conflict or crisis can easily protect themselves from the risks of currency devaluation or hyper-inflation, or where anyone, anywhere, can be financially included.”