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Finnish Immigration Service & MONI

a service for refugees in Finland that receive a prepaid Mastercard developed by the Helsinki-based start-up MONI that also links to a digital identity, composed of the record of one’s financial transactions, which is stored on the blockchain

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The Finnish Immigration Service has been giving asylum seekers who don’t have bank accounts prepaid Mastercards instead of the traditional cash disbursements, and today the program has several thousand active cardholders. Developed by the Helsinki-based startup MONI, the card is also linked to a unique digital identity stored on a blockchain, the same technology that underpins the digital currency Bitcoin.

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Finnish Immigration Service, MONI