Could Cryptocurrencies Bring The World a Universal Basic Income?
Could cryptocurrency bring a basic income to the people of the world, relieving them of their day-to-day quest for survival, and leaving them to ponder more philosophical questions about their existence and reaching new heights of productivity? Some in the cryptocurrency space believe so. The idea for a universal basic income is not new, as Thomas More proposed it in his 16th century work, Utopia. Just recently, Switzerland voted 'no' to a basic income for its citizens, but the controversial idea has grown in popularity. A group currency is a cryptocurrency that provides its members with a....
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In the last few years, we have seen a boost in interest in universal basic income schemes. The idea for it is not a new nor a radical concept. It first appeared at the beginning of the 16th century in the work of Thomas More, Utopia. For centuries governments around the world have been exploring the potential of universal basic income in easing the vulnerabilities of working people exposed to threats of transforming the labor market. The recent growing experimentation clearly shows that there is a need to find effective solutions to alleviate the perils of globalization. Opinions are....
Kotani Pay, a Kenya based digital currency on and off-ramp service provider, has entered into an agreement wherein it will enable the transfer of universal basic income (UBI) payments to African refugees. Working in conjunction with the Refugee Integration Organisation (RIO) and Impact Market, the fintech start-up, which uses the Celo blockchain, will use its platform to ensure payments reach the intended beneficiaries. Using the Blockchain Without the Internet According to Kotani Pay’s recent post on Medium, the start-up’s partnership with RIO and Impact Market will also see....
Aarika Rhodes, U.S. Congressional Candidate for the 32nd District of California, has set a shock wave across the U.S., she runs on a pro-Bitcoin and pro-Universal Basic Income (UBI) platform. She believes in Medicare for All, helping the unhoused, ending police brutality, and making the U.S. a fairer home for its citizens. Aarika has been […]
The Grantcoin Foundation, a 501 (c) (3) non-profit organization that has its own digital currency, distributed “basic income grants” to people this month in 17 countries. The organization is devoted to providing a universal basic income. The currency is traded on exchanges, the largest being Bittrex. The average recipient received $5.19 USD. Applicants can sign up by Sept.21 to be included in the next quarterly distribution on Sept. 30. The first quarterly distribution sent Grantcoin to 255 self-selected applicants in the United States, the United Kingdom, Canada, Australia, France,....
Former presidential candidate Andrew Yang is running for mayor of New York City. He has promised that as mayor he would invest in making the city “a hub for bitcoin and other cryptocurrencies.” Yang is also pro-universal basic income (UBI) and wants to launch “the largest basic income program in history.” Andrew Yang Promises to Turn New York City Into a Bitcoin and Crypto Hub as Mayor Entrepreneur and former presidential candidate Andrew Yang is running for mayor of New York City. The Democratic primary is on June 22. He ran for U.S. president in the 2020 election....