eToro pledges $1M for universal basic income solutions on the blockchain

Social trading platform eToro is kicking off a new $1 million fund to support research on blockchain use cases for reducing wealth inequality – and it is recruiting partners. The initiative, called GoodDollar, aims to create an entirely open-source community project. The concept is to develop a blockchain-powered wealth redistribution system and lay the foundations for open, universal basic income scheme. As part of this mission, the $1 million experiment will focus on researching ways of implementing a cryptocurrency that pays social interest to those in need. “The success of new technologies should not be measured only by their ability…

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