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eToro rolls out GoodDollar to deliver Universal Basic Income

Friday 11 September 2020 12:28 CET | News

E-trading brokerage eToro has launched a corporate social responsibility initiative GoodDollar (G$), aiming to bring Basic Income to the mainstream, delivered on the blockchain, according to Forbes.

With enforced shutdowns driving governments to enact emergency stimulus measures and airdrop funds into citizens’ accounts, Universal Basic Income (UBI), also known as Basic Income has attracted renewed interest. GoodDollar, launched in September 2020, delivers a solution that empowers citizens around the world to claim Basic Income via the G$ coin, a digital currency that any cell phone owner can claim, and convert to local currency.

Basic Income is a long-standing scheme that has recently gained new attention and relevance as governments have begun to give money directly to citizens through financial rescue packages. The Coronavirus Aid, Relief, and Economic Security (CARES) Act, is a departure from past financial stimulus packages for its signature policy of providing each American with a one-time USD 1,200 cash payment. 

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Keywords: eToro, GoodDollar, Universal Basic Income, UBI, Basic Income, blockchain, G$, coin, digital currency, CARES Act, financial stimulus, United States
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: United States
This article is part of category

Blockchain & Cryptocurrencies