Using USDC for NGO Cross-Border Payments
The power to send money abroad seamlessly using USDC can overcome some of humanity's greatest challenges. When the COVID-19 pandemic swept across the world, healthcare workers became more essential than ever. In Venezuela, these heroic professionals were struggling to provide services because the pandemic further exacerbated financial hardships for the country, and existing means of cross-border payments fell short. In a time when their roles were most needed, Venezuela’s healthcare workers had few ways to access financial support to allow them to continue helping others thrive.
Supporting healthcare workers with USDC
Blockchain cross-border payments using USDC emerged as a fast and cost-effective way for non-governmental organizations (NGOs) to reach nurses in Venezuela. Together with Circle and Airtm*, NGO payments made the difference in catching up on rent, buying groceries, and providing greater financial stability to healthcare professionals on the front lines.
Airtm uses USDC to send money nearly instantly, employing blockchain for humanitarian aid to move stablecoins directly into the digital wallets of recipients. In the face of historic inflation, access to stable US dollar-backed currency provides a store of value that can help simplify life and allow providers to focus on administering life-saving care.
This film offers a brief glimpse into the lives of some of the people that have received USDC, why they do what they do, and what open money has to offer those previously stuck outside the global financial system. For NGOs and the people they serve, open money means faster, more reliable access to stable digital dollars that can move around the world in seconds.
Open money for NGOs
Open money powered by USDC has the power to make a tremendous impact by making it easier for people in difficult-to-reach places around the world to access digital dollars that they can send, spend and receive nearly instantly. Learn more about USDC, or visit Circle Stories to see how Circle is working with NGOs to move money where it’s needed most.
* Circle Ventures, an affiliate of Circle Internet Financial, LLC, has invested in Airtm. The Nurses depicted in the film are not Circle Customers; they received payment for their participation in the film.
