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September 22, 2020
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Jack Dorsey supports Andrew Yang in popularizing guaranteed income (UBI) – Blocksats

Jack Dorsey CEO Twitter and Square’s mobile payment platform, donated as much as $ 5 million to Humanity Forward, a group founded by the friendly kryptowalutom former Presidential candidate Andrew Yang. Its purpose is to promote universal basic income (UBI).

Dorsey supports Yang’s plan

Dorsey consideredthat UBI is “Long overdue”, and adds that “the only way we can change policy is to experiment and show case studies why it is [UBI] it works”.

The billionaire donated as much as USD 5 million to the politician’s organization. In Rolling Stone, Yang said that Humanity Forward will use Dorsey’s donation to make $ 250 special donations to thousands of people who have experienced financial difficulties during the current US crisis. These are people who have recently lost their jobs.

It is worth adding, however, that the current authorities are experimenting with UBI. Every adult American recently received a check for $ 1,200 and $ 500 for each of their children. It’s a type of stimulus package to help US citizens survive the crisis and fuel the economy.

UBI a blockchain

During his election campaign, Yang also proved that he is also a supporter of crypto and blockchaina. The new technology on which it is based Bitcoin, can help develop the idea of ​​UBI.

For example, the GoodDollar non-profit initiative introduced the UBI digital wallet in early May. He wants to use it to start providing capital using blockchain technology.

In turn, the non-profit team Hedge for Humanity, also responsible for Mann cryptocurrency (significant name, right?), Is currently working on running tests on its UBI system, under which each asset – cash, shares, bonds and even cryptocurrency – could be used to provide basic income to those in need. The group will start a lottery after some time. Under it, people participating in this specific competition will be able to win the annual UBI paid monthly as Bitcoiny (BTC) Ether (ETH) or Dai (DAI) worth $ 100.

What is your opinion on such ideas? Don’t you consider them a utopia?

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