Investment platform eToro today announces the launch of the GoodDollar experiment with $1m in funding from the company.
The aim of the experiment is to reduce global wealth inequality through a concept called Universal Basic Income (UBI) cryptocurrency, using new technologies underpinned by blockchain.
UBI is a concept where all citizens receive a regular sum of money to go towards the cost of living and stimulate a country’s economy. With the emergence of cryptocurrency, several platforms have been looking into ways of using blockchain as a way of implementing and distributing UBI.Launched at Web Summit 2018 by eToro CEO and co-founder […]
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