Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Algorand Powers 30% of All Electric Bills in Afghanistan Paid via HesabPay

Algorand Powers 30% of All Electric Bills in Afghanistan Paid via HesabPay

CoinEditionCoinEdition2026/06/30 15:22
By:CoinEdition

The Algorand Foundation reported that 30% of Afghanistan’s electricity bills are paid using the Algorand blockchain through HesabPay. The number illustrates one of the biggest real‑world blockchain payment applications in a developing country.

At the Nordic Blockchain Conference, Algorand’s Chief Strategy and Marketing Officer, Marc Vanlerberghe, made it clear that this isn’t a test or a demo, but a live, large‑scale deployment in a country where about 80% of people still don’t have access to traditional banking.

The 30% is a rather notable number because if blockchain is handling utility payments at that scale, it shows the technology has moved into everyday financial infrastructure.

Near the end of 2025, the Algorand Foundation said that hundreds of thousands of Afghans are using HesabPay, which has become a go‑to platform for utility payments. Additionally, blockchain transactions are happening on a daily basis, rather than occasionally.

Back in 2016, an entrepreneur, Sanzar Kakar, launched HesabPay, a digital wallet based in Kabul, Afghanistan. It was originally designed to deliver humanitarian assistance, but its use and relevance increased after Afghanistan’s banking crisis kicked in, following the 2021 political shift.

During that time, banks shut down, ATMs were hard to use, international transfers got disrupted, and aid groups struggled to get money where it was needed.

(adsbygoogle = window.adsbygoogle || []).push({});

HesabPay migrated to the Algorand blockchain in 2022 and now uses it to handle digital money transfers fast and transparently. These days, HesabPay covers utility bills, P2P transfers, aid distribution, payroll, mobile airtime, and merchant payments.

As for Algorand’s role in this, it isn’t processing the payments directly but providing the blockchain that is the backbone behind HesabPay. The network was chosen because it’s cheap, fast, high‑capacity, and energy‑efficient thanks to its Pure Proof‑of‑Stake system. That means stablecoin transfers settle quickly and stay affordable for everyday use.

The Algorand Foundation reported that during 2025, over a million Afghans got humanitarian payments through HesabPay. Additionally, according to Bond’s report, more than 130,000 returning refugee families received digital aid, and over $30 million was delivered via blockchain.

Also, after its success in Afghanistan, HesabPay has expanded into Syria, where it’s used for humanitarian aid distribution and digital payments.

Related: Algorand Unveils Roadmap for Quantum-Safe Network by 2027

div#ce-iframe-ads div#frame { margin: auto; text-align: center; }
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

CoreWeave's surge gives AI cloud a breather, now all eyes are on the Anthropic IPO and Nvidia

CoreWeave’s Q3 revenue and guidance both exceeded expectations, with its stock price surging 25% in a single day and the new cloud sector soaring over 12%. Reports of Anthropic’s potential $1.5 trillion IPO valuation, OpenAI’s quarterly revenue surpassing $10 billion for the first time, and these three positive catalysts together have boosted confidence in the AI computing power industry chain, which was previously troubled by doubts about AI returns. Next week’s Nvidia earnings report and Anthropic’s IPO will be the true test of whether this rally can continue.

华尔街见闻•2026/11/12 00:53
CoreWeave's surge gives AI cloud a breather, now all eyes are on the Anthropic IPO and Nvidia

AI Computing Power and Semiconductors Stage a Strong Rebound—Why Is Wall Street Cautious About U.S. Stocks? Key Indicators Reveal the Bottom Hasn't Been Reached

The sharp volatility in the US stock market has prompted investors to carefully analyze various data to determine whether the sell-off has ended. Early indicators suggest that it may be too soon to declare that the market has resumed its normal upward trajectory.

智通财经•2026/11/12 00:47
AI Computing Power and Semiconductors Stage a Strong Rebound—Why Is Wall Street Cautious About U.S. Stocks? Key Indicators Reveal the Bottom Hasn't Been Reached

Nvidia (NVDA.US) Governance Crisis Escalates: Jensen Huang Exposed for Another Affair, Board Considers Dismissal, and Wall Street Begins Pricing in a “No Jensen” Scenario

The world's most valuable semiconductor company is experiencing the most severe corporate governance crisis since its establishment.

智通财经•2026/11/12 00:32