Marshall Islands launches universal basic income scheme offering cryptocurrency - in world first

Quarterly payments of $200 to be offered via stablecoin or traditional currency in a scheme designed to ease cost of living pressures in the Pacific nationThe Marshall Islands has introduced a national universal basic income (UBI) scheme that offers payments via cryptocurrency, alongside more traditional methods, which experts say is the first scheme of its kind in the world.Under the program, every resident citizen of the Marshall Islands will receive quarterly payments of about US$200 as part of a government effort to ease cost of living pressures. The first instalments were paid in late November and recipients can choose whether the money is paid into a bank account, by cheque, or delivered as cryptocurrency on the blockchain through a government-backed digital wallet. Continue reading...