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7/3/2025, 5:00:21 AM
Here's some information about the Better than Cash Alliance which is promoting the implementation of digital currencies.
"NEW YORK, September 19, 2012 — The Bill & Melinda Gates Foundation, Citi, Ford Foundation, Omidyar Network, U.N. Capital Development Fund (UNCDF), U. S. Agency for International Development (USAID), and Visa Inc. announced today the launch of the Better Than Cash Alliance. The new initiative will call on governments, the development community and the private sector to adopt the use of electronic payments for programs that support people living in poverty—and provide resources to those who commit to make the transition.
Already, the governments of Peru, Kenya, Colombia, and the Philippines, along with global NGOs Mercy Corps, CARE and Concern Worldwide, have committed to digitize their disbursements and payments to people living in poverty, thereby becoming eligible members for technical and financial support from the Better Than Cash Alliance.
“We know that electronic payments can empower people and help grow emerging economies,” said Christine Roth, Deputy Executive Secretary of the U.N. Capital Development Fund, which serves as the secretariat for the Better Than Cash Alliance. “Yet, while there are many benefits in shifting away from cash, the effort requires leadership, resources and technical expertise. By offering these services to governments, private sector and development community organizations, we believe we can accelerate the shift to electronic payments.”
According to a report commissioned by the Better Than Cash Alliance and released by specialist consultancy Bankable Frontier Associates (BFA), people living in poverty around the world exist in a cash-only economy that can prevent them from breaking the cycle of poverty."
https://www.gatesfoundation.org/ideas/media-center/press-releases/2012/09/better-than-cash-alliance#:~:text=announced%20today%20the%20launch%20of,commit%20to%20make%20the%20transition.
"NEW YORK, September 19, 2012 — The Bill & Melinda Gates Foundation, Citi, Ford Foundation, Omidyar Network, U.N. Capital Development Fund (UNCDF), U. S. Agency for International Development (USAID), and Visa Inc. announced today the launch of the Better Than Cash Alliance. The new initiative will call on governments, the development community and the private sector to adopt the use of electronic payments for programs that support people living in poverty—and provide resources to those who commit to make the transition.
Already, the governments of Peru, Kenya, Colombia, and the Philippines, along with global NGOs Mercy Corps, CARE and Concern Worldwide, have committed to digitize their disbursements and payments to people living in poverty, thereby becoming eligible members for technical and financial support from the Better Than Cash Alliance.
“We know that electronic payments can empower people and help grow emerging economies,” said Christine Roth, Deputy Executive Secretary of the U.N. Capital Development Fund, which serves as the secretariat for the Better Than Cash Alliance. “Yet, while there are many benefits in shifting away from cash, the effort requires leadership, resources and technical expertise. By offering these services to governments, private sector and development community organizations, we believe we can accelerate the shift to electronic payments.”
According to a report commissioned by the Better Than Cash Alliance and released by specialist consultancy Bankable Frontier Associates (BFA), people living in poverty around the world exist in a cash-only economy that can prevent them from breaking the cycle of poverty."
https://www.gatesfoundation.org/ideas/media-center/press-releases/2012/09/better-than-cash-alliance#:~:text=announced%20today%20the%20launch%20of,commit%20to%20make%20the%20transition.
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