160 New Yorkers to receive $12,000 in cryptocurrency
GiveDirectly, a non-profit organization, has launched a pilot program in New York City, where 160 residents of the South Bronx and East Harlem will receive $12,000 in cryptocurrency. The program is funded by donations from the cryptocurrency exchange Coinbase. Since September 2025, participants have been receiving $800 per month in USDC, and in November they were paid a lump sum of $8,000.
Source Incrypted
This social project differs from traditional basic income models, as part of the payments are made by transferring them immediately. According to project manager Emma Kelsey, this payment structure is based on research that shows it is more effective in supporting low-income people. New York City was chosen for the program due to the high poverty rate in these areas and the country's economic performance.
