not approved
US-Kenya Based WOT Remittance Chain
Current Project Status
Unfunded
Amount
Received
Received
$0
Amount
Requested
Requested
$10,000
Percentage
Received
Received
0.00%
Solution
American branch incentivizes migrants already sending remittances to switch to this trust-chain, which is zero cost. The other end, in Kenya, has KYC built in by the Bank of Kenya and is an OpenAPI.
Problem
There does not exist a trust-chain from the migrant community sending remittances to regions where sanctions and flashpoints are common, and fear of intangibility of assets are unacceptable.
Impact / Alignment
Feasibility
Auditability
Team
Team Connections