PANews reported on October 2nd that according to Bloomberg, a pilot project called "Future First" funded by Coinbase and managed by the non-profit organization GiveDirectly has been launched in New York. The project aims to explore the feasibility of direct assistance through cryptocurrency. The project will distribute USDC worth $12,000 to each of the 160 low-income residents aged 18 to 30 who are selected by lottery. Unlike traditional regular fixed-amount payments, the project will initially issue a large payment of $8,000, followed by five installments of $800. It is reported that Coinbase provided $2.6 million in seed funding for this project.PANews reported on October 2nd that according to Bloomberg, a pilot project called "Future First" funded by Coinbase and managed by the non-profit organization GiveDirectly has been launched in New York. The project aims to explore the feasibility of direct assistance through cryptocurrency. The project will distribute USDC worth $12,000 to each of the 160 low-income residents aged 18 to 30 who are selected by lottery. Unlike traditional regular fixed-amount payments, the project will initially issue a large payment of $8,000, followed by five installments of $800. It is reported that Coinbase provided $2.6 million in seed funding for this project.
Coinbase funds GiveDirectly to launch a pilot program in New York, distributing $12,000 USDC to 160 young people each.
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PANews reported on October 2nd that according to Bloomberg, a pilot project called "Future First" funded by Coinbase and managed by the non-profit organization GiveDirectly has been launched in New York. The project aims to explore the feasibility of direct assistance through cryptocurrency. The project will distribute USDC worth $12,000 to each of the 160 low-income residents aged 18 to 30 who are selected by lottery.
Unlike traditional regular fixed-amount payments, the project will initially issue a large payment of $8,000, followed by five installments of $800. It is reported that Coinbase provided $2.6 million in seed funding for this project.
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