Marshall Islands launches world-first universal basic income paid in cryptocurrency
The government of the Marshall Islands has launched the world’s first universal basic income program with payments made in stablecoins. Every citizen will receive $200 quarterly, either via bank transfer, cheque, or through a digital wallet operated by the state. The country has a population of around 42,000 people.
Source The Guardian
The program is designed as social support amid rising living costs and population decline. Using digital payments enables the government to efficiently deliver financial aid and support citizens’ welfare.
This initiative could set a precedent for other nations looking to tackle economic challenges through innovative digital technologies.
