Stellar, PwC publish ‘framework’ to judge emerging market blockchain projects

The Stellar Development Foundation, developers of the Stellar network, released a financial inclusion framework for judging the efficacy of emerging market blockchain projects. The framework was developed in cooperation with consultants PricewaterhouseCoopers International (PwC) and was

Stellar network has been on the forefront of payment inclusion in underserved financial markets. In December, it announced a program to aid charity organizations distribute funds to help Ukrainian refugees fleeing war. On September 26, they announced a partnership with Moneygram to produce a non-custodial crypto wallet that can be used in over 180 countries. However, some financial and monetary experts have criticized the use of cryptocurrency in emerging markets. For example, a paper published by the Bank of International Settlements on August 22 argued that cryptocurrency has “amplified financial risks” in emerging market economies.