GoodDollar and the Celo Foundation Collaborate to Bring More Universal Basic Income to the Celo Ecosystem
GRAND CAYMAN, Cayman Islands (PRWEB) July 13, 2023 -- GoodDollar, a global blockchain-based initiative at the forefront of advancing economic inclusion and accessibility, has expanded to the Celo ecosystem, integrating on Celo, the carbon-negative, EVM-compatible regenerative blockchain that creates prosperity for all.
This development welcomes GoodDollar alongside over 1,000 mission-aligned projects spanning more than 150 countries worldwide, bringing about opportunities to integrate GoodDollar’s extensive global universal basic income (UBI) community into the Celo ecosystem. The partnership between GoodDollar and the Celo Foundation is a natural alignment of values as both share a commitment to making blockchain technology accessible to everyday people in emerging market economies. Since launching on Celo, GoodDollar has become the fastest growing protocol on Celo, with over 80,000 monthly active users.
“The Celo community and GoodDollar are well-aligned in building a decentralized and open financial system. Since GoodDollar has joined the Celo ecosystem we’ve seen an influx of almost 100K new users on the Celo blockchain,” says Xochitl Cazador, Head of Ecosystem Growth at the Celo Foundation. “Celo is committed to building a regenerative digital economy, and being able to provide universal basic income with GoodDollar has been tremendously valuable to our shared mission.”
As part of the collaboration, GoodDollar received a grant from the Celo Foundation to further the mission of increasing access to decentralized finance (DeFi) by onboarding individuals into the Celo ecosystem while empowering the global underbanked population with inclusive financial access. A considerable portion of the grant will be allocated towards funding the GoodDollar protocol, which enables the creation and distribution of GoodDollar’s G$ UBI.
“With more GoodDollars, we will see wider adoption and utilization of blockchain technology in everyday life by real people,” says Anna Stone, Executive Director at GoodDollar. “This real-world adoption helps support more UBI for more people, and will spur the the growth of the GoodDollar ecosystem on Celo, including educational initiatives, bounties to incentivize software development, and the integration of G$ UBI into Celo’s diverse range of decentralized applications (dApps).”
GoodDollar has swiftly emerged as the fastest growing project on Celo, bringing nearly 80,000 monthly active users (MAU) in just three months. This achievement attests to GoodDollar’s presence as the world’s largest global UBI community, with over 530,000 recipients across 181 countries. GoodDollar has been widely recognized as one of the leading projects fostering financial inclusion, acknowledged by prominent institutions such as the World Economic Forum, Milken Institute, and the Crypto Council for Innovation.
With GoodDollar joining the Celo ecosystem, a shared ambition towards innovative advancements is reinforced, enabling anyone with internet access to explore and engage with blockchain innovations through a mobile-first approach. Whether utilizing GoodDollars for mobile minutes or supporting community-led economic development initiatives, critical gaps and potential opportunities in emerging markets, including UBI, community finance, microcredit, climate stewardship, and philanthropic donations are addressed.
The partnership between GoodDollar and the Celo Foundation promises an equitable future where blockchain technology can deliver meaningful and sustainable impact to underserved communities and markets. This ongoing collaboration strives to bring real-world utility to the global population, facilitating economic empowerment and unlocking new possibilities.
About GoodDollar
GoodDollar is a permissionless protocol that creates and distributes free universal basic income (UBI) as a public good governed by its members. By leveraging blockchain technology, the mission of GoodDollar is to advance decentralized financial education, promote financial inclusion, and empower communities. GoodDollar strives to establish a global landscape where every individual has access to inclusive, basic economic assets and financial products. Learn about the GoodDollar ecosystem.
About Celo
Celo is a carbon-negative, permissionless, layer-1 blockchain with a rich ecosystem of global partners building innovative Web3 applications within the DeFi, ReFi, and NFT sectors on Celo. Accessible to anyone with a mobile phone, the Celo ecosystem consists of a decentralized, proof-of-stake blockchain technology stack (the Celo Platform), the CELO native asset, and Mento stable assets (cUSD, cEUR, cREAL). Launched on Earth Day in 2020, the open source Celo mainnet supports 1,000+ projects by developers and creators located around the world.
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Meri Fernández, Good Labs, 44 75 4546 4322, [email protected]
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