Lumen Loop
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VideoYouTubeThe FlipJune 2, 20261d ago12:37

How to Fund a Hospital in a Warzone

Aid organizations in sanctioned regions use stablecoins to bypass broken financial infrastructure. OSUM pays Syrian hospital staff via Digibank's digital wallet and Stellar's bulk payment tool, cutting costs to 2% and delivery from months to minutes.

PaymentsStablecoinsFinancial Inclusion
Lumen Loop's take

Syria's conflict and international sanctions cut the country from the global financial system. OSUM operates hospitals in Northwest Syria but couldn't easily pay staff. The traditional workaround meant driving cash across borders or waiting hours in Turkish bank branches. The solution: Digibank's digital wallet paired with Stellar's Disbursement Platform and USDC stablecoins, connected to a network of Hawala brokers for converting digital currency to physical cash. Employees now receive salary in minutes instead of months; transaction fees dropped from 20% to 2%. The breakthrough wasn't new technology alone, but integrating blockchain into centuries-old trust networks.

Mentioned projects
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DigibankApplications
SCF
SDPMENAUnbanked

Digital banking platform integrating Stellar Disbursement Platform (SDP) for efficient bulk payment distribution in emerging mar…

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Stellar Development FoundationInfrastructure & Services
Audited
InfrastructureCommunity

The Stellar Development Foundation (SDF) is a non-profit organization that supports the development and growth of the Stellar ne…

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