eToro commits $1M to GoodDollar universal basic income project

Crypto-focused charities continue to grow. Through GoodDollar, eToro is targeting financial inclusion and literacy through a global UBI program. Read the full article by: Sam Bourgi

Key Points:

• GoodDollar universal basic income protocol wants to create financial inclusion to the world and close the wage gap by using DeFi and smart contracts.

• eToros commitment to the project will help fund and expand the project to more people who may not yet have an understanding of how DeFi can be beneficial.

• Using donors contributions GoodDollar stakes that money to generate interest through Have and Compound. That interest is distributed to a global community.

• eToro founded this project in 2020 and after publishing good results in a trial run they decided to up their stake from the original $58,000 to the current $1 million.