Oxfam Trials Aid Distribution With DAI, Future Use ‘Highly Likely’

Throughout May 2019, United Kingdom-based nonprofit organization Oxfam International executed a month-long trial that saw MakerDAO’s DAI stablecoin distributed as a means of exchange among citizens of Vanuatu. The Oxfam initiative, named UnBlocked Cash, was conducted in partnership with MakerDAO, ConsenSys and Australian tech startup Sempo. The Australian government also supported the program. Tsunamis, cyclones […]

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Oxfam Partners With Tech Firms to Test Dai’s Use in Disaster Aid

International charity organization Oxfam has partnered with Australian tech startup Sempo and blockchain company ConsenSys to test stablecoin Dai’s (DAI) suitability for aid in regions suffering from natural disasters, local news outlet Micky reported on June 17. The parties launched a philanthropic initiative dubbed UnBlocked Cash with the support of the Australian Government. To test […]

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Iceland’s Currency Will Be First in Europe to Be Traded as E-Money

The Financial Supervisory Authority of Iceland (FME) has approved Reykjavik-based Monerium as its first electronic money institution. The designation, announced Friday, means that Monerium has regulatory approval to provide fiat payment services on a blockchain and use it throughout the European Economic Area. Electronic money is a well-established regulatory framework in Europe that’s been in […]

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Life of Luxury: Fashion Turns to Blockchain

Although once confined largely to agriculture, blockchain technology is now making major inroads into the luxury goods supply chain market. Thus, Consensys recently announced a new platform with French multinational luxury goods conglomerate LMVH and the technology behemoth Microsoft to verify the authenticity of luxury goods. Luxury brands trial blockchain Although many products in the […]

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