We suggest setting up the Pathfinder pilot in a selected country. It would provide a safe environment for suppliers and IFAD-financed projects to take their first steps in the cryptocurrency ecosystem. Within this pilot, IFAD would not play an active role in the set-up of the technology.
We learnt that there is a parallel universe out there, waiting to be tapped into. Just like Pathfinder's first missions to Mars overcame resistance and fear – we now know so much more about ourselves, our potential and that what were dreams only a few years ago are now tangible reality. Many UN agencies, IFIs and central banks have been exploring the potential of cryptocurrencies. Stable cryptocurrencies have been receiving increased attention by these actors. The latter wish to avoid leaving the playing field to private sector actors, and we believe IFAD could have an interest in facilitating these technological developments.
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