Income Movement Rightfulshare Says It Has Launched ‘First Unconditional’ Crypto UBI in South Africa
Rightfulshare, the income equality movement, recently said it had launched what it describes as the “first unconditional” universal basic income (UBI) crypto transfer. According to Karen Jooste, the UBI cryptocurrency not only empowers unemployed South Africans, but also fuels their entrepreneurial spirit.
More equitable access to income
Rightfulshare, the movement for equality, recently said it had sent its “first unconditional” UBI crypto transfer to a local entrepreneur based in South Africa. According to the traffic message of January 31 Press releaseselected beneficiaries will receive a cryptographic UBI “in Gooddollar use at your discretion.”
In addition, Rightfulshare’s statement touts the launch as a groundbreaking move that brings “both resources and Web3 solutions to a small town in the country.”
Commenting on the launch, which has been hailed as a “pioneering step towards more equitable access to income”, Rightfulshare founder Karen Joost said the launch not only expands opportunities for unemployed South Africans, but also fosters an entrepreneurial spirit.
“We need a new approach to addressing poverty in South Africa. The current system is not working and we can no longer pretend that there will be enough jobs for everyone. By drawing attention to the benefits of digital basic income transfer, we are empowering South Africans and fueling the creativity and entrepreneurial spirit that is present in the country,” Joost said.
Meanwhile, in addition to receiving UBI crypto monthly for one year, according to Rightfulshare, beneficiaries “will also have access to mentorship and learning opportunities.” Such opportunities will range from business development to Web3 training, the statement said.
Rightfulshare’s crypto UBI is currently being copied into the metaverse to help those outside of South Africa better understand the project, according to a press release.
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