• Polygon partners with Mercy Corps to empower marginalized communities through blockchain technology.
• The financial services provided by Mercy Corps and Polygon can help marginalized communities and improve their economic prospects.

Polygon, Ethereum’s leading layer 2 blockchain, has formed a strategic alliance with Mercy Corps, a leading global humanitarian organization, to empower marginalized communities through blockchain technology.

The partnership aims to leverage the power of blockchain technology to provide financial services to communities in emerging markets, particularly in emerging economies. The two organizations plan to work together to develop blockchain-based solutions that can provide financial services such as remittances, payments, and lending to underserved communities.

One of the key advantages of blockchain technology is that it provides a secure and transparent way to conduct transactions. This can be particularly useful in emerging economies, where traditional financial systems may be unreliable or inaccessible.

By leveraging the power of blockchain technology, Mercy Corps and Polygon can create financial services that are accessible to everyone, regardless of their location or social-economic status.

The partnership between Polygon and Mercy Corps is a significant step toward using blockchain technology to address social and economic inequality. The two organizations have a shared vision of creating a more equitable world, and their partners can make this vision a reality.

The financial services provided by Mercy Corps and Polygon can help marginalized communities improve their economic prospects and lead to greater social mobility.

In addition to financial services, the partnership between Polygon and Mercy Corps can also lead to the development of blockchain-based solutions in other areas such as healthcare, education, and governance. The possibilities of blockchain technology are endless, and its potential to transform society is enormous.

Polygon Labs is proud to team up with @MCSocialVenture, the impact investing arm of @mercycorps, to pilot real world use cases by providing #Web3 tools, resources, and solutions to emerging markets, to empower underserved communities.

🌐 More: https://t.co/4eNV6OeTm7

— Polygon | Aggregated (@0xPolygon) March 3, 2023

About Mercy Corps

Founded in 2015, Mercy Corps has vast experience in providing humanitarian assistance to underserved communities globally.

The group has operated in more than 40 countries and helped more than 220 million individuals. Combining Polygon’s cutting-edge blockchain technology with Mercy Corps’ experience in humanitarian aid can result in creative solutions that can strengthen underprivileged areas.

In other developments, Ethereum’s scaling solution recently introduced a Polygon ID.

This is a decentralized identity system that requires no prior knowledge of the user’s true identity.

Individuals can use Polygon ID to confirm their identities or credentials without disclosing any private data thanks to its usage of Zero Knowledge-Proofs. Also, the functionality facilitates Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which reinforce the regulatory environment and allows web2 and web3 industries to comply.

The MATIC token is the fuel for the Polygon Ecosystem. As things stand, the price of Polygon (MATIC) is currently trading at $1.16 which represents an increase of 0.07% over the past hour, in contrast to a drop of 13.81% over the last seven days, according to CoinMarketCap.

In conclusion, the partnership between Polygon and Mercy Corps is an exciting development in the world of blockchain technology. By leveraging their respective strengths, the two organizations can create innovative solutions that can empower marginalized communities and address social and economic inequality. As blockchain technology continues to evolve, we can expect more partnerships like this to emerge, leading to a more equitable and just world.