Future First Program: The Crypto UBI Experiment in NYC
Alright folks, let’s break down what the Future First program is all about. So, this thing is basically a UBI experiment happening in New York. Selected low-income residents will get a total of $12,000 in USDC, which is a stablecoin tied to the dollar. Yeah, that’s right, the dollar! This pilot program is a collab between Coinbase and GiveDirectly and it’s designed to give people $12,000 with zero strings attached. They get $8,000 upfront to help with housing or education, followed by five monthly payments of $800.
You can’t make this stuff up. Participants are going to be managing their cash through a Coinbase wallet. They can withdraw cash, transfer to another wallet, or spend it with a crypto card. This whole thing is focused on…
