{"id":365022,"date":"2022-12-16T06:50:47","date_gmt":"2022-12-16T11:50:47","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=365022"},"modified":"2022-12-16T06:50:47","modified_gmt":"2022-12-16T11:50:47","slug":"stellar-price-prediction-xlm-at-risk-of-12-losses","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/stellar-price-prediction-xlm-at-risk-of-12-losses","title":{"rendered":"Stellar Price Prediction: XLM At Risk Of 12% Losses"},"content":{"rendered":"
Stellar Lumens (XLM) price was at risk of further losses on Friday as it saw a complete reversal of all the gains made on November 10. Even with the news of a partnership with the UNHCR, sentiment around the Stellar price continues to deteriorate. <\/span><\/p>\n The United Nations High Commission for Refugees (UNHCR), the UN arm responsible for aiding and protecting refugees, has launched a blockchain-based cash distribution system that is aimed at giving money to Ukrainians affected by the ongoing war with Russia. <\/span><\/p>\n According to a December 15 press <\/span>release<\/span><\/a> by the Stellar Development Foundation (SDF), the program is being piloted in Kyiv, Lyiv, and Vinnystia, the three largest Ukrainian cities where many people moved to after their homes were destroyed because of the war. The UNHCR is responsible for making sure that only eligible people are enrolled in the program and for the efficient allocation of aid.<\/span><\/p>\n The aid will be distributed thro<\/span>ugh <\/span> <\/span>Vibrant<\/span><\/a>, a Stellar-based non-custodial mobile crypto wallet that provides a secure place to hold and transfer funds in USDC, one of the top dollar-pegged stablecoins.<\/span><\/p>\n On receiving the USDC, the recipient has a choice of whether to convert it to U.S. dollars, Euros, or the local currency and access their funds at thousands of MoneyGram locations around the world. <\/span><\/p>\n Today, the UNHCR (@Refugees<\/a>) and the Stellar Development Foundation, announced the launch of a pilot first-of-its-kind blockchain payment solution for digital cash distribution to internally displaced persons and other war-affected people in Ukraine.https:\/\/t.co\/rdh5OpxQrz<\/a><\/p>\n — Stellar (@StellarOrg) December 15, 2022<\/a><\/p><\/blockquote>\nStellar Partners With UN To Distribute Cash To War-Affected Ukrainians<\/span><\/h2>\n
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