Workflow
$12,000 in Crypto Given to New Yorkers — With No Strings Attached

A fascinating experiment is taking place in the US right now: 160 people are going to be given 12,000incryptooverthenextfivemonthswithnostringsattached.TheinitiativeisacollaborationbetweenCoinbaseandthenonprofitGiveDirectly,whichallowsuserstosendmoneytotheworldspoorestwith12,000 in crypto over the next five months — with no strings attached. The initiative is a collaboration between Coinbase and the nonprofit GiveDirectly, which allows users to send money to the world’s poorest — with 95.5 million distributed to more than 140,000 people in the past year. All 160 of the individuals involved in this trial are 18 to 30 years old, and based in New York. They’re getting a lump sum ...