4.8 • 689 Ratings
🗓️ 16 June 2025
⏱️ 40 minutes
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Dr. Melyn McKay of Coala Pay explains how blockchain rails are transforming humanitarian aid by enabling instant, secure payments to partners in the world's most challenging locations.
Dr. Melyn McKay brings 15 years of humanitarian aid experience to her role as founder of Coala Pay, a blockchain-based payment platform revolutionizing how aid money moves globally. In this conversation, she shares her journey from carrying cash in war zones to building technology that enables instant, transparent aid disbursements through stablecoins and smart contracts. McKay discusses the massive inefficiencies plaguing the traditional aid sector, the trust challenges preventing more direct giving and how Coala Pay is scaling across conflict zones to ensure aid funding reaches local partners safely and efficiently.
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1:06.3 | to give to our neighbors go fund me down the, than it is to give to somebody in a place |
1:11.3 | like Myanmar that's experiencing extreme hardship. |
1:17.9 | You know, many of us got into crypto because we believed that this ecosystem could rewrite |
1:23.8 | the rules of finance globally. |
1:26.5 | In America, in the EU, in much of Asia, the financial |
1:30.0 | infrastructure is pretty good, but there are so many places around the world where this stuff |
1:35.9 | is not. According to the World Bank, there are still about 1.4 billion people around the world |
1:41.8 | that don't have access to a formal financial account at a bank |
1:45.8 | or even a mobile money provider. It is very hard for them to even get money out. So when you think of |
1:51.3 | the $220 billion a year that's sent around the globe to help in aid projects, there's a giant |
1:57.6 | opportunity for us to disrupt what is a very inefficient system. |
2:02.7 | The amount of fees, the last mile disbursement costs, exchange rates, |
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