Marshall Islands Introduces Its First National Blockchain-Based Universal Basic Income System
Introduction of Blockchain UBI: The Marshall Islands has launched a universal basic income (UBI) program utilizing blockchain technology to deliver dollar-based payments directly to citizens' mobile phones, addressing cash access issues across its remote islands.
Functionality of the Lomalo App: Payments are made through the Lomalo mobile app, where residents can receive, store, and send digital dollars (USDM1) backed by U.S. Treasury securities, facilitating quick and low-cost transactions via the Stellar blockchain.
Impact on Cash Access: The initiative aims to alleviate the challenges of cash availability, which has been hindered by logistical issues, by providing a reliable digital alternative that maintains the existing dollar-based system.
Broader Implications: This program reflects a growing trend towards tokenized public finance, potentially serving as a model for other small economies facing similar financial accessibility challenges, with success dependent on user adoption and system reliability.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00253 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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