Per an article submitted by Michael Del Castillo via CoinDesk today, a large multinational organization is considering adopting Bitcoin and Ethereum for payment processing in their relief efforts, and soon!
In a test run of using crypto currencies in its World Food Program, the United Nations earlier this year used the Ethereum blockchain to transfer Pakistani Rupees to 100 individuals and plan on further security measures to expand the test run, with a launch date as early as May 1st of this year (about a week away).
According to the food program's CFO Houman Haddad:
"At the moment we're paying out in normal currencies, so-called fiat currencies," said Haddad, who also works with both the WFP's treasury and financial risk management divisions. "That is mainly because a lot of the places in which we work don't accept either bitcoin or ether. However, the ideal would be that if they do, then we could just transfer the cryptocurrencies. It gets rid of the post-payment altogether."
Regardless of what you think about the United Nations, there is very little denying that the increased interest of large organizations in using the blockchain will dramatically affect other businesses and organizations adopting Bitcoin and Ethereum for use. With Ethereum going onto Alphabay on the same day that the United Nations further tests and uses the Ether blockchain in its food program, both Bitcoin and ETH's adoption and acceptance should definitely lead to a nice bull run as we approach the end of the second quarter of 2017.
Thoughts?
It's good news.
And it is the future - simply because there's nowhere else for the future to go, as things so stand in our current state of affairs.
Ethereum, I think - with its universal and extensible functionality, is setting the stage for the world to come.
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