HesabPay, an Afghan digital wallet on the Algorand blockchain, has grown from a few thousand to over 1 million users by facilitating humanitarian aid and everyday payments in Afghanistan and Syria. The platform supports UNHCR refugee assistance, having processed over $35 million in aid, and works with major UN agencies like the World Food Programme. Algorand's low fees and fast transactions suit HesabPay's use case in a country with limited banking infrastructure. This growth highlights Algorand Foundation's strategic investments and suggests a replicable model for underbanked, conflict-affected regions, though challenges remain due to political risks and reliance on humanitarian funding.
Algorand has released its v5.0.0 upgrade introducing native quantum-resistant accounts and a new fee model where transaction fees depend on the actual content and size of the transaction. This update also expands the Algorand Virtual Machine (AVM), a...
Major cryptocurrencies saw price declines, with Bitcoin dropping 2.1% to $63,925 and Ethereum falling 2.8% to $1,873.93. Other notable coins like Binance Coin and Solana also declined, reflecting a broad market pullback. Stablecoins remained steady n...
Pump.fun surged 14.4% to $0.002707, pushing its market cap to $1.07 billion, leading Thursday's crypto gainers. Despite no specific news, its gamified DeFi staking rewards continue to attract attention. Other notable gainers include Canton (+7.7%), B...
