"Digital assets could help relieve refugees... we must work to develop financial tools"

Calls have been raised for a more proactive push to develop digital-asset financial tools for refugees. The rationale is that escalating geopolitical conflicts have increased the likelihood of a rise in refugees and migrant populations worldwide.

According to digital-asset news outlet Cointelegraph on the 14th (Korea time), Balaji Srinivasan, former chief technology officer (CTO) of Coinbase, said on X (formerly Twitter) that "the digital-asset industry should develop more financial tools for refugees and stateless people."

Srinivasan added, "As geopolitical conflicts such as wars intensify, the number of refugees and migrants worldwide is likely to increase," and "digital assets can serve as the internet's 'wartime mode.' Transactions can continue even in the event of infrastructure collapse or under financial sanctions."