Marshall Islands Trials Universal Basic Income Using Blockchain-Based Stablecoin Wallet

Universal Basic Income in the Marshall Islands: The Marshall Islands has launched a universal basic income program providing citizens with $800 annually, distributed quarterly, to help with living costs and reduce migration.

Cryptocurrency Payment Option: Citizens can choose to receive payments through traditional methods or a government-backed digital wallet utilizing blockchain technology, aimed at improving access for those in remote areas.

Funding and Economic Context: The program is funded by a trust established with the United States, which has committed significant financial support, addressing the economic challenges faced by the island nation.

Worldcoin's Global UBI Initiative: Sam Altman's Worldcoin project aims to create a global UBI mechanism through biometric verification, allowing users to receive allocations of its native token, WLD, as a form of income within its network.