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Sending and Receiving USDC when Disaster Strikes

Blog post from Circle

Post Details
Company
Date Published
Author
Team Circle
Word Count
608
Company Posts That Month
10
Language
English
Hacker News Points
-
Post removed?
No
Summary

Circle Internet Financial highlights the use of USDC as a fast and cost-effective solution for sending aid to survivors of the earthquakes in Turkey and Syria. By reducing money remittance fees by up to 80%, USDC facilitates near-instant transactions that can be easily converted to local currency through digital wallets and local providers such as BiLira, Paribu, and BtcTurk. The text emphasizes the importance of using the correct type of USDC, such as the "ERC-20" version on the Ethereum network, and recommends digital asset exchanges like Coinbase and Robinhood for senders. It also outlines donation options via Ahbap, Endaoment, and The Giving Block, which support local and global relief efforts. Additionally, Circle underscores its commitment to transforming financial transactions to enhance accessibility and economic opportunity worldwide.

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