Trading platform eToro has recently unveiled blockchain-driven social
project GoodDollar to tackle global wealth inequality, according to a
press release obtained by Cointelegraph Wednesday, Nov. 7.
GoodDollar had been presented at Web Summit held this week in
Lisbon, Portugal . According to the release, eToro has invested $1
million of its funds to the project and is seeking for more partners
to join the initiative.
The project’s main goal is to provide economic tools for people who
are unbanked or disenfranchised, creating “non-speculative
cryptocurrency that aims to find ways to reduce wealth inequality on a
global scale,” the release reads. The decentralized solution claims to
establish a direct ownership connection between identity and the
currency, thus helping to get funds directly without the interference
of middlemen.
Trading platform eToro, which became the first website to trade
Binance’s in-house token Binance Coin ( BNB ) this October, also
announced yesterday, Nov. 6, that it is launching its own
cryptocurrency wallet that will at first provide support for Bitcoin
( BTC ), Bitcoin Cash ( BCH ), Ethereum ( ETH ), and Litecoin ( LTC ).
As Cointelegraph frequently reported, blockchain is widely used in
charity projects. For instance, a United Nations department dedicated
to women’s rights uses decentralized technologies to pay
remunerations to refugees working in camps in Jordan. Apart from
being paid without banks’ involvement, the refugees within the
program can also pay their purchases directly by using an iris scan.
Moreover, the world’s largest crypto exchange Binance has recently
announced its Blockchain Charity Foundation project where all
donations go directly to its beneficiaries. The platform will be first
used to raise funds for the victims of the floods and landslides in
Eastern Uganda.
project GoodDollar to tackle global wealth inequality, according to a
press release obtained by Cointelegraph Wednesday, Nov. 7.
GoodDollar had been presented at Web Summit held this week in
Lisbon, Portugal . According to the release, eToro has invested $1
million of its funds to the project and is seeking for more partners
to join the initiative.
The project’s main goal is to provide economic tools for people who
are unbanked or disenfranchised, creating “non-speculative
cryptocurrency that aims to find ways to reduce wealth inequality on a
global scale,” the release reads. The decentralized solution claims to
establish a direct ownership connection between identity and the
currency, thus helping to get funds directly without the interference
of middlemen.
Trading platform eToro, which became the first website to trade
Binance’s in-house token Binance Coin ( BNB ) this October, also
announced yesterday, Nov. 6, that it is launching its own
cryptocurrency wallet that will at first provide support for Bitcoin
( BTC ), Bitcoin Cash ( BCH ), Ethereum ( ETH ), and Litecoin ( LTC ).
As Cointelegraph frequently reported, blockchain is widely used in
charity projects. For instance, a United Nations department dedicated
to women’s rights uses decentralized technologies to pay
remunerations to refugees working in camps in Jordan. Apart from
being paid without banks’ involvement, the refugees within the
program can also pay their purchases directly by using an iris scan.
Moreover, the world’s largest crypto exchange Binance has recently
announced its Blockchain Charity Foundation project where all
donations go directly to its beneficiaries. The platform will be first
used to raise funds for the victims of the floods and landslides in
Eastern Uganda.
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