Coinbase Launches Pilot Program to Distribute $12,000 in Crypto Aid to Low-Income New Yorkers
CryptocurrencyCoinbaseUpdated 3 days ago

Coinbase Launches Pilot Program to Distribute $12,000 in Crypto Aid to Low-Income New Yorkers

Coinbase has initiated a pilot program in New York, collaborating with GiveDirectly, to distribute $12,000 in USDC cryptocurrency to low-income households. This innovative approach aims to enhance the efficiency of financial aid delivery and improve economic opportunities for participants. If successful, it could transform how assistance is provided, potentially uplifting the financial stability of those in need.

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Coinbase tests USDC aid delivery for low-income New Yorkers — will it work?
PositiveCryptocurrency
Coinbase is launching a pilot program in New York to test the effectiveness of $12,000 USDC transfers aimed at assisting low-income households. This initiative, in collaboration with the nonprofit GiveDirectly, seeks to explore how stablecoins can streamline the delivery of aid. If successful, this could revolutionize how financial assistance is provided, making it faster and more efficient for those in need.
Coinbase-Backed Pilot Program Hands Out $12,000 in Crypto to Low-Income New Yorkers
PositiveCryptocurrency
A new pilot program funded by Coinbase is making waves in New York by distributing $12,000 in cryptocurrency to low-income young adults. This initiative aims to explore the potential of using dollar-backed stablecoins like USDC to improve financial stability and opportunities for residents. By providing direct crypto aid, the program could significantly impact the lives of participants, offering them a chance to engage with digital currencies and potentially uplift their economic situations.

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