Project gives away 14M tokens in digital universal basic income experiment
GoodDollar believes that "digital basic income can work at scale, while effecting positive change on a global level.” A nonprofit initiative that leverages decentralized finance as a means to offer a digital income for its users has announced that people have now claimed more than 14 million of its tokens.According to a Wednesday announcement, the universal basic income, or UBI, project from GoodDollar has reached more than 40,000 people from 180 countries since it launched in September. The project reported that more than half of the participants were claiming its reserve-based token, G$,....
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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....
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,....