Marshall Islands trial crypto for Universal Basic Income, using Stellar to distribute payments as traditional banking systems struggle.
Recently, the Marshall Islands utilized the Stellar platform to distribute universal basic income. This initiative aimed to examine the feasibility of cryptocurrency as a substitute for traditional banking services. The experiment involved transferring funds to citizens using Stellar's network, indicating the potential for innovative financial solutions. The Marshall Islands' utilization of Stellar showcased a progressive approach towards financial inclusion, with the test highlighting the advantages of embracing digital currencies.
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