Balaji Urges Crypto Industry to Build Tools for Refugees

Tech investor and former Coinbase chief technology officer Balaji Srinivasan urged the crypto industry to develop more financial tools for refugees and stateless people, warning the number of displaced individuals could grow as global conflicts intensify and economic migration increases.

He pointed to examples ranging from Ukrainians fleeing war to workers leaving the Gulf countries amid regional tensions. “We should build more crypto tools for refugees and stateless people,” Srinivasan wrote, suggesting blockchain-based systems can provide financial infrastructure when traditional institutions fail or become inaccessible.

He described crypto as “wartime mode for the internet,” arguing decentralized networks were designed to operate even under hostile conditions such as cyberattacks, infrastructure failures or financial restrictions, and that public blockchains can continue processing transactions even if centralized systems face disruptions.

Ukraine, Gulf countries

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