How can microfinance be implemented in a country where banks have been largely cut off from international payment systems for years? A pilot project of development cooperation in Syria shows that instead of expensive and risky cash logistics, loans can be processed digitally using e-money tokens – so-called “stablecoins”.

The latest issue of “Development in brief” explains how this approach also lowers transaction transfer costs, reduces risks and promises a level of transparency in the entire process that is hardly known from traditional procedures.

Stablecoins in Syrian microfinance project(PDF, 139 KB, accessible)