Press release. Shopping.io – Los Angeles, California’s premier encrypted e-commerce platform will donate US$50,000 to eToro’s flagship corporate social responsibility project GoodDollar, a non-profit program designed to distribute crypto-based free universal basic income (UBI) , To join and educate the next 1 billion digital asset users as part of its mission.
Shopping.io’s $50,000 donation will be used to support a blockchain-based fund that will sustainably create and distribute digital basic income to more than 250,000 members in more than 180 countries/regions every day. GoodDollar stands out with its scalable and sustainable method of generating crypto-based UBI, which uses the principles of impact investing to enable financial backers to receive rewards while using their crypto to fund social projects. Shopping.io’s $50,000 donation will be locked in the Sustainable Donation Basic Income Fund, which is a smart contract that will donate all the earned interest as basic income to the beneficiaries. This makes Shopping.io’s one-time gifts a “sustainable donation” that will always be used to create digital basic income, represented by the encrypted asset GoodDollar (G$). Shopping.io is the first company to make charitable donations to support the GoodDollar agreement: all funds will be used to strengthen the basic income fund of GoodDollar members, not for operating expenses.
Starting June 4th, GoodDollar members can also use their G$ tokens on Shopping.io’s e-commerce platform and use them to shop on Amazon (US, UK, CA + DE), Ebay and Walmart. Through Shopping.io, GoodDollar members can now use their GoodDollar tokens to purchase basic necessities and daily necessities, which marks an important milestone for the project and its members. Now, those who benefit the most from GoodDollar’s daily UBI distribution can use GoodDollar to buy toilet paper, toothpaste, emergency supplies, etc. on the Shopping.io platform. The cooperation between GoodDollar and Shopping.io has multiple synergies. The donation of $50,000 is used to cast more GoodDollars, which can then be used on the Shopping.io platform.
“We are honored that the team at Shopping.io recognizes GoodDollar’s key role in driving the digital asset market and introducing millions of new users into digital assets, otherwise they will be left behind. We are pleased with their generous donations, These donations will be used to fund free digital currencies for future generations,” said Yoni Assia, founder of GoodDollar and co-founder and CEO of eToro.com. He said: “I hope it can inspire other crypto philanthropists, entrepreneurs and companies to use their crypto technology to promote more economic empowerment for everyone, with the goal of reducing financial inequality in digital assets.”
This collaboration provides Shopping.io with a unique introduction to the larger ecosystem of eToro and its customers, while bringing benefits to GoodDollar members and the entire digital asset ecosystem. Arbel Arif, founder and CEO of Shopping, said: “We like what GoodDollar does and want to help in any way, so we decided to adopt this impact-driven model, which I believe will bring a lot of benefits to both parties. “approximately.
Shopping.io and GoodDollar share a common vision that e-commerce and consumption are the key ways to push encryption technology to the mainstream, so we are happy to announce this partnership, which has the potential to benefit the spending power of millions of people around the world.
GoodDollar.org is a non-profit program that aims to promote financial education and empowerment through the free distribution of cryptocurrency. It does this by advancing the GoodDollar protocol, which uses free market forces to create a sustainable and scalable framework for universal basic income based on encryption. By creating a free and easily accessible digital currency stream, GoodDollar provides real people with a low-risk and free way to start experimenting and benefit from digital assets. The project was founded by Yoni Assia, the co-founder and CEO of eToro, a social investment platform with more than 20 million registered users. eToro has funded the GoodDollar project as part of its corporate social responsibility program.
Shopping.io is the first international encrypted e-commerce onboarding and fulfillment service. We are the bridge behind encryption and retail. When shopping online with your favorite cryptocurrency on the Shopping.io platform, you are free to choose the payment method. We are the only company in Crypto that allows you to purchase goods from major e-commerce centers around the world, while completely changing the way you buy online with Crypto. We believe in giving the crypto industry absolute freedom in e-commerce. Have the right to choose how to use your cryptocurrency through Shopping.io.
To enjoy discounts and free international shipping, you can use Shopping.io’s native tokens $SPI and $GSPI to purchase. Both $SPI and $GSPI are utility tokens. https://beta.shopping.io/foundation
This partnership marks a big step forward between Shopping.io and the eToro ecosystem, as we look forward to paying it to men and women in need around the world.
This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or claimed to be caused by the use or reliance on any content, goods or services mentioned in the press release.
Image Source: Shutterstock, Pixabay, Wikimedia Commons
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin.com does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.