With formal banking infrastructure in ruins, Palestinians in Gaza are forced to rely on unregulated digital currencies for survival.

As most banks and ATMs are destroyed, and new banknotes and online payment accounts blocked, Palestinians face a liquidity crisis. Even as the intensity of the assault slows, Gaza’s economy shows few signs of recovery. Some banks have reopened but still have no cash. Despite business disruptions, commerce still persists.

Limited resources drive for higher demand, hiking prices and increasing the need for money.

Limited access to funds has forced reliance on cash brokers who charge 30 to 40 per cent commissions, eroding purchasing power and pushing families to prioritise essentials such as food and medicine.

Damaged banknotes further inflate prices.

Although formal channels have collapsed, cryptocurrency, has emerged as an unrestrictive alternative, offering fast transfers with minimal details.