Denmark considers using cryptocurrencies for humanitarian aid


  • World
  • Thursday, 14 Dec 2017

COPENHAGEN (Reuters) - Denmark sees potential for blockchain technology in humanitarian aid and said on Thursday it is considering becoming the first donor country to move money using cryptocurrencies.

Blockchain is a ledger system tracking digital information, and among other advantages it can provide digitised contracts to avoid fraudulent land records, or enable faster and safer money transfers to emergency hot spots around the globe by using cryptocurrencies.

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