UNDP Partners with Stellar for Blockchain Aid Payments
- Blockchain Payment Agreement: The UNDP has established a new agreement with the Stellar Development Foundation to utilize the Stellar blockchain for aid payments across all UNDP country offices, marking a significant shift after nearly two years of trials.
- Pilot Results: In Syria, a Cash for Work program using blockchain reduced distribution costs from 10% via traditional banking to just 2%, while the Haiti pilot achieved a 100% success rate in payment processing, demonstrating blockchain's potential for enhancing payment efficiency and transparency.
- Infrastructure Development: The new phase will transition from experimental trials to actual infrastructure, with UNDP aiming to establish governance structures and implementation modes by 2027 to standardize blockchain payments across global programs.
- Promoting Blockchain Adoption: UNDP's initiative reflects a growing interest in stablecoins and blockchain payments, particularly in regions with limited banking access and high fees, potentially providing better financial services to 650 million unbanked individuals.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BASED
Technical Sentiment Analysis for Based (BASED). As of , Based (BASED) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BASED stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BASED is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Based (BASED) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00314 | 0.0386 | 0.0673 | 0.103 | 0.131 | 0.167 | 0.196 |
| Fibonacci | 0.0386 | 0.0631 | 0.0782 | 0.103 | 0.127 | 0.142 | 0.167 |
About BASED
About the author
