Income Movement Rightfulshare Says It Has Launched ‘First Unconditional’ Crypto UBI in South Africa – Africa Bitcoin News
Rightfulshare, an income equality movement, recently said it has launched what it describes as the “first unconditional” crypto-universal basic income transfer (UBI). According to Karen Jooste, crypto-UBI not only expands the opportunities of unemployed South Africans, but also nurtures their entrepreneurial spirit.
Fairer income access
Rightfulshare, a movement advocating for gender equality, recently said it had sent its “first unconditional” crypto-UBI transfer to a local entrepreneur living in South Africa. According to the movement’s Jan. 31 press release, selected recipients will receive crypto-UBI “in Gooddollars to spend as they choose.”
In the statement, Rightfulshare touted the launch as a groundbreaking step that channels “both resources and Web3 solutions to a small town in the country.”
Commenting on the launch, which has been described as “a groundbreaking step for more equitable income access”, Rightfulshare founder Karen Jooste claimed that the launch not only expands opportunities for unemployed South Africans, but also nurtures the entrepreneurial spirit.
“We need a new approach to dealing with poverty in South Africa. Today’s system does not work and we can no longer pretend that there will be enough jobs for everyone. By highlighting the benefits of a digital basic income transfer, we are expanding opportunities for South Africans and nurturing the creativity and entrepreneurial spirit present in the country, Jooste said.
Meanwhile, in addition to receiving crypto-UBI every month for a year, Rightfulshare said 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, the Rightfulshare crypto UBI is currently being replicated in the metaverse to help those outside of South Africa better understand the project.
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