A question for clarity about direct payments for Americans was put across to US Secretary of Treasury Steven Mnuchin, “For those folks who don’t have bank accounts don’t have direct deposit information, how long will they have to wait for their check?”

Steven Mnuchin responded, stating, well, for people who don’t have direct deposit, we will be doing it on a rolling basis. I think within a couple of days when they give it to us, we will send the money out. We do realize there are people who are underbanked. And, again we are working with all the digital companies pre-paid debit card, we are working with all of them to make sure we have a process that every American gets their money quickly. This money does people no good if it shows up in 4 months, and we will deliver on that progressively quickly in a matter of weeks and not months.

So, in the current situation, which cryptocurrency will be hosting a country’s currency best? And, will it be like they will be hosting more than? Will something bigger than a national currency help? These are all practical questions; however, will not be of much use for the current situation.

Sydney Ifergan, the crypto expert, tweeted: “ Denelle Dixon expresses that Stellar Lumens XLM would love to work with policymakers from across the world to realize the much-needed use case of quick distribution of cash.”

Stellar Lumens XLM Matching up to 2.5M XLM to Select Charities

Denelle Dixon stated, “We’re announcing a way to give back in this time of crisis to help our community come together to support common causes. For the month of April, we’ve committed to donating and matching up to 2.5M XLM made to select charities on Lumenthropy.”

Denelle Dixon recently stated she was impressed by how the community came up with some pretty inspirational ideas about the blockchain. She stated that it was awesome to see so many great minds thinking about ways in which blockchain technology can make a difference.

She spoke about some of the ideas that she really liked.

She recalled how a few people suggested using blockchain to either track test data or much needed supplies. In both cases, she stated that it could be a really cool and powerful use case. It could provide researchers and the government’s access to global data for modeling almost instantaneously.

She further acknowledged that she also loved the idea for a supply chain app for all grocery stores that they could use to track purchases on essential items and prevent hoarding. It might save me some trouble finding things like soap, toilet paper, yeast, flour, and paper towels in my local grocery store.

Some of the ideas speak directly to things that Stellar and the Stellar blockchain and SDF are looking to accomplish.

First, many of you mentioned stimulus payments. Stimulus payments! She exclaimed what a fantastic use of blockchain payment technology if we could make that happen. I completely agree this is a powerful use case for blockchain and specifically for Stellar. I think that there is huge potential for us to be able to quickly distribute the much-needed cash when citizens need it the most. We are working with policy associations all over the world. And, we would love to work with policymakers in the US and around the globe realize these types of use cases.

So, in the future, we have better solutions when people need support quickly. And, then, quite a few of you suggested creating a donations platform that will ask people to donate with crypto or any of the assets that they hold to anywhere that is needed in the world. I think that this is one of the best ways that we can make an immediate difference. It is how we can make giving feel borderless. We are actually already working with Lumenthropy, apart from the Stellar Network, to get back to Charities accepting XLM today.


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