Ripple’s RLUSD Pilot Offers New Hope for Drought-Hit Pastoralists in Kenya
2025-07-11 07:06:36
Main Idea
Ripple's drought insurance pilot in Kenya, utilizing its stablecoin RLUSD, successfully insured 517 pastoralists, with 70% being women, and demonstrated the potential of blockchain technology in providing financial resilience during droughts.
Key Points
1. The Diva Donate Campaign partnered with Ripple to use RLUSD and Ethereum for drought insurance, benefiting 517 pastoralists in Laikipia North, Kenya.
2. 70% of the insured pastoralists were women, highlighting a focus on gender inclusion.
3. No payout was triggered during the pilot period as satellite data showed favorable vegetation conditions.
4. RLUSD offers advantages such as lower transaction fees, faster settlements, and enterprise-grade compliance compared to traditional cash or other stablecoins.
5. The pilot may expand to other regions in Africa and provide sustainable drought insurance for high-risk communities.
Description
The post Ripple’s RLUSD Pilot Offers New Hope for Drought-Hit Pastoralists in Kenya appeared first on Coinpedia Fintech News In the 5th iteration of the Diva campaign, it is anticipated to provide cash transfers to pastoral communities in Kenya ahead of the drought through digital currencies. The campaign partnered with Ripple to utilize its new stablecoin, RLUSD concluded successfully. It impacted 517 pastoralists, with a notable proportion of 70% being women, highlighting a strong focus on gen...
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