Rightfulshare, an income equality advocacy movement, recently said it has launched what it describes as the “unconditional” transfer of crypto universal basic income (UBI). According to Karen Jooste, the crypto UBI not only broadens the possibilities of unemployed South Africans, but also fosters their entrepreneurial spirit.
Access to fairer income
Rightfulshare, a movement advocating for equality, recently said it had sent its “unconditional” crypto UBI transfer to a local businessman residing in South Africa. According to the movement of January 31 Press releasethe selected beneficiaries will receive the crypto UBI “in good dollar to use as they choose.”
In addition, in the statement, Rightfulshare touted the launch as a pioneering step that brings “both Web3 resources and solutions to a small town in the country.”
Commenting on the launch, which has been described as “a pioneering step towards fairer access to income”, Rightfulshare founder Karen Jooste said the launch not only broadens the possibilities for unemployed South Africans, but also encourages entrepreneurship.
“We need a new approach to address 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 giving visibility to the benefits of a digital basic income transfer, we are expanding the possibilities for South Africans and fueling the creativity and entrepreneurial spirit present in the country,” said Jooste.
Meanwhile, in addition to receiving the crypto UBI every month for a year, Rightfulshare said that recipients “will also have access to mentoring and learning opportunities.” Such opportunities will range from business development to Web3 education, the statement added.
According to the press release, Rightfulshare crypto UBI is currently being replicated in the metaverse to help people outside of South Africa better understand the project.
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