eToro Launches GoodDollar And Begins Delivering Universal Basic Income

From Lawrence Wintermeyer / Forbes: GoodDollar is a basic income product that works via the public blockchain network. Because blockchain is decentralized and public, this platform could be used globally, non-reliant on any one government. GoodDollar uses G$ coins which can be sent through the system and converted to the local currency of a resident in a given country.

Read the original story here.

Issue Areas:

Universal Basic Income

Impact Areas:

Distributed Trust and Power, Equity, Redefining Institutions

Actors:

Businesses

Communities Served:

Communities Experiencing Economic Hardship, Rural Communities, Urban Communities, Workers

Strategies:

Easing Economic Burdens for Individuals, Trust in Institutions, Universal Basic Income

Success Factors:

Building Distribution Systems, Business With Social Goals, Empowering People, Expanding Access, Leveraging Technology, Providing Cash Instead Of Goods/Services

Geographic Region:

Middle East

Countries:

Israel

Date:

September 10, 2020

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