eToro Launches Crypto-Based Universal Basic Income Project GoodDollar

eToro Launches Crypto-Based Universal Basic Income Project GoodDollar

eToro, a European social trading and multi asset brokerage company, has announced the launch of the GoodDollar experiment, an open source community project that seeks to reduce wealth inequality by introducing a new cryptocurrency and blockchain platform.

eToro is initially injecting US$1 million into the project and is calling for more “brains, ambassador and funders” to join the experiment. The project is being incubated by the company in London and Tel Aviv.

“We believe that we can create a mass-market cryptocurrency that is engineered to reduce inequality and provide a UBI. Engineers, product designers and economists are currently developing the prototype. […]

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