eToro Invests $1 Million to Expand GoodDollar Universal Basic Income Project
- eToro announced it invested $1 million in GoodDollar, a non-profit organization.
- The fund will help expand GoodDollar’s universal basic income project.
eToro announced it devoted a $1 million stake to the GoodDollar universal basic income project — a non-profit organization on a mission to drive financial education and inclusion.
In a press release, eToro said it is increasing its stake in GoodDollar’s universal basic income (UBI) protocol from $58,000 to $1 million. This is part of its commitment to opening the digital economy to millions of crypto users worldwide.
According to the firm, the fund will help expand GoodDollar, which was founded by Yoni Assia, eToro CEO, and sponsored by eToro. Still, the organization functions as an independent foundation and entity.
What is more, GoodDollar bridges the growing global wealth barrier with a combination of smart contract mechanics, decentralized finance (DeFi), and a reserve-backed token, the G$.
Moreover, a year ...
Read more: https://coinquora.com/etoro-invests-1-million-to-expand-gooddollar-universal-basic-income-project/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
