E-commerce platform Shopping.io has declared it will be donating $50,000 to eToro’s flagship corporate social responsibility project, GoodDollar. GoodDollar is a nonprofit initiative which focuses on a free, crypto-based universal basic income (UBI). GoodDollar is on a mission to educate and onboard the following billion electronic asset users.
The $50,000 contribution from Shopping.io will support GoodDollar in its efforts to sustainably mint and distribute digital basic income to 250,000 members in over 180 nations every day. GoodDollar’s sustainable and scalable method of crypto-based UBI leverages the principles of impact investing, enabling financial supporters to earn rewards while using their assets to fund social projects and initiatives.
The $50,000 contribution from Shopping.io is going to be secured in the renewable donation fundamental revenue fund, which is a wise contract which donates back to the beneficiaries with interest. This leaves Shopping.io’s contribution a “sustainable donation” utilized to create digital basic earnings in GoodDollar (G$). It is the first company that has produced such a philanthropic donation in support of this GoodDollar protocol. What’s more, the donation will be used solely towards the fundamental revenue fund rather than towards any operational cost.
GoodDollar members will be able to devote their G$ tokens on Shopping.io’s e-commerce platform and will be able to make Amazon, eBay, and Walmart purchases through them. Amazon purchases will probably be accessible in the US, UK, CA, and DE. Additionally, GoodDollar members will then be able to shop for everyday necessities through Shopping.io using their G$ tokens. This is an integral milestone for your GoodDollar project and all its members.
Benefits For GoodDollar Members
GoodDollar members and beneficiaries will be able to devote their UBI towards requirements like toilet paper, emergency supplies, toothpaste, and other essential everyday products. Additionally, the $50,000 donated by Shopping.io may be used to mint more G$, which is also used on Shopping.io’s platform.
Shopping.io’s Intro to eToro’s Ecosystem
The collaboration between GoodDollar and Shopping.io gives the latter an introduction to the eToro ecosystem and its own user base whilst also helping the ecosystem and GoodDollar members.
“We adored what GoodDollar was doing and wanted to assist in any way we can, so we decided on this impact-driven model, which I think will bring a Good Deal of benefit to both sides,”
Co-Founder and CEO of both eToro and Creator of GoodDollar, Yoni Assia, said,
“We’re honored that the staff in Shopping.io has acknowledged the crucial function GoodDollar plays in advancing the electronic assets marketplace and onboarding countless new users to electronic assets who otherwise could be left behind. Furthermore, we are gratified by their generous contribution, which will be utilised to fund free digital money for generations to come. My expectation is that it inspires other crypto-philanthropists, entrepreneurs, and companies to utilize their crypto to progress more economical empowerment for all, with reducing financial inequality within electronic assets as the goal.
The two GoodDollar and Shopping.io expect their partnership will help crypto reach mainstream status whilst financially empowering and enhancing the spending ability of countless individuals worldwide.
Founded by Yoni Assia, eToro co-founder and CEO, GoodDollar is a nonprofit initiative empowering and educating people throughout the sustainable contribution of a digital UBI. GoodDollar uses the GoodDollar Protocol, allowing free-market forces to create a scalable and sustainable framework for a crypto-based UBI. Additionally, GoodDollar has produced an easy-to-access money, G$, which gives individuals a secure way of experimenting and profiting from electronic assets.
EToro, the societal investment platform with more than 20 million users, has endorsed the GoodDollar project financially as part of its corporate social responsibility initiative.
Shopping.io is the only platform in the crypto space which enables its users to make purchases from important e-commerce hubs and put the consumer in control when making purchases using crypto.
Disclaimer: This guide is provided for informational purposes only. It is not offered or intended to be utilized as legal, tax, investment, financial, or other advice.