Crypto startup wants to give everyone in the world $1 a day

Crypto startup wants to give everyone in the world $1 a day

Jeffrey Milewski, CEO and co-founder of Global Income Coin A new crypto-Utopian project launched Thursday with big aspirations: It wants to provide a modest universal basic income, or UBI, to the world by becoming a global currency and using macroeconomic maneuvering to spread the wealth.

Global Income Coin, nonprofit cryptocurrency startup, got off the ground with a $2 million donation by Sid Sijbrandij, the CEO and co-founder of San Francisco open-source software platform GitLabs, who also serves as a partner on the project.

With the money, Global Income Coin plans to get its GLO coins listed on major cryptocurrency exchanges.The general […]

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