Web3 Weekly

Glo Dollar and the Benefits of stablecoins for charity


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Glo distributes basic income by donating their profits to GiveDirectly, an NGO specializing in direct cash transfers to impoverished people. They have been doing this for 10 years and are highly reputable. They're also efficient: of every $1 donated to GiveDirectly, $0.89 goes to recipients. GiveDirectly is currently providing basic incomes in Kenya and Liberia. With more money, this can be expanded to more countries. Our ultimate goal is to provide a basic income for all 659 million people living in extreme poverty. With a monthly donation of just $35/month, GiveDirectly is able to lift one person above poverty, which is quite impressive.
Check out and support Glo here
https://twitter.com/glodollar
https://www.glodollar.org/
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Web3 WeeklyBy WEB 3 WEEKLY