Former Coinbase CTO calls for more crypto tools for refugees

Balaji Srinivasan, former chief technology officer at Coinbase, has called for the development of more crypto-based tools for refugees and stateless people. In a post on X (formerly Twitter), Srinivasan argued that the number of refugees and stateless individuals is unfortunately set to increase across all social classes. He described cryptocurrency as being inherently suited for crisis situations, noting that public blockchains are designed to resist data center attacks, hacking, and network shutdowns. Srinivasan added that stablecoins have already reached mass adoption in the crypto space and are having a tangible global impact, including new gold-backed stablecoins, and that more can be done to help.