The Marshall Islands just started a national universal basic income program that gives every citizen around $200 every three months. Experts say this is the first program of its kind launched at a national level anywhere in the world. What makes it special is that citizens can choose to receive their money as cryptocurrency through a digital wallet.
According to The Guardian, every resident citizen gets about $200 US dollars each quarter, which adds up to roughly $800 per year. The country’s finance minister, David Paul, explained that the payments work as a “social safety net” and help boost morale as the Pacific island nation deals with rising costs of living and people moving away from the islands.
