⚡️🇺🇸 NEW - Coinbase will give $12,000…
⚡️🇺🇸 NEW - Coinbase will give $12,000 in USDC to 160 young Americans to test the effectiveness of crypto donations in reducing poverty.
The money will be distributed to Coinbase accounts in two stages:
$8,000 in the first month, then $800 per month for five months.
Coinbase is participating in a universal income program run by the non-profit organization GiveDirectly, which is accepting cryptocurrency donations for the first time.
The company is testing the theory that "distributing money directly to people in need without dictating how it is spent is a more effective and efficient way to fight poverty."
