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A comment on How does Glo generate basic income and lift people out of extreme poverty?.

Re:How does Glo generate basic income and lift people out of... by dmabram on Monday September 19, 2022 @03:16PM (#32902633)
"We don't like crypto for the sake of crypto—it's just the only viable way to create a new currency."

Really? The only viable way? It's like they've never heard of a bank. Banks accept deposits in USD. They invest those deposits in safe instruments like US treasuries. They return the deposit when requested. The deposits are insured by the FDIC. Just start a community bank and donate the proceeds to GiveDirectly. Poof, no crypto needed.

[ Parent | on HN ]
Re:How does Glo generate basic income and lift people out of... by bb88 on Wednesday September 21, 2022 @05:03AM (#32922436)
A credit union would be better since the members would be able to vote on the leadership of the union.
[ Parent | on HN ]