Die Marshallinseln starten ein universelles Grundeinkommensprogramm mit digitaler Geldbörse
https://cointelegraph.com/news/marshall-islands-universal-basic-income-digital-wallet
Die Marshallinseln starten ein universelles Grundeinkommensprogramm mit digitaler Geldbörse
https://cointelegraph.com/news/marshall-islands-universal-basic-income-digital-wallet
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And surprise surprise, the IMF hates it.
tldr; The Republic of the Marshall Islands has launched a Universal Basic Income (UBI) program using a government-issued digital wallet called Lomalo. This wallet utilizes the US dollar-pegged stablecoin USDM1, allowing citizens to access funds through digital means, physical checks, or direct deposits. The first disbursement is set for late November. The initiative aims to strengthen financial systems and ensure inclusivity, despite concerns from the IMF about potential risks associated with the program and the use of the USDM1 stablecoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.