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GoodDollar Sets Out Ambitious New Roadmap

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Tel Aviv, Israel–(Newsfile Corp. – May 1, 2022) – GoodDollar, an anti-poverty protocol and DAO that leverages decentralized finance (DeFi) to provide a crypto universal basic income (UBI) to nearly 350,000+ members across the globe, today launched an ambitious new push to broaden the reach of G$, strengthen the GoodDAO and forge new links within the DeFi ecosystem.

Since its 2020 debut, GoodDollar has made it possible for individuals in virtually every country in the world to claim, learn about and use cryptocurrency. 

G$ has allowed UBI recipients to start businesses, acquire goods and services through digital marketplaces, launch crowdfunding campaigns, help students and donate to good causes ranging from local food banks to Ukraine. The changes that lie ahead are designed to help make G$ an ever more useful medium of exchange for those who need it most.

“GoodDollar has made major progress toward our goal of building a bridge to web3 for the world’s financially underserved,” said Anna Stone, Co-Founder of GoodDollar.

Over the next 12 to 18 months, GoodDollar will undertake a string of technological improvements and business measures that will take the world’s first decentralized impact economy to the next level.

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“The changes we plan will ensure that more DeFi users can learn about and support our mission, more projects can build on us, and more UBI recipients can claim through us,” said GoodDollar Co-Founder and Technical Lead Hadar Rottenberg.

Product Lead Patricia Pedrosa said the different elements of the roadmap played critical roles in GoodDollar’s mission. “We are working to create a unified journey that will take GoodDollar users seamlessly from first crypto use through to financial self-determination,” she said.

These improvements fall under three broad headings:

  1. The GoodDollar Economy: Measures designed to build out the GoodDollar impact economy and expand the utility of the G$ UBI token, which is engineered to strengthen the more it is used. The protocol will forge new connections within the DeFi ecosystem and work with the community to expand the number of places and ways G$ can be used.
  2. The GoodDollar Protocol: Improvements under this heading will ensure the protocol stays strong and healthy. Since the Company’s goal is to onboard the widest possible spectrum of users, GoodDollar will also look to deploy on Layer 2 and side chains to keep transaction costs in check.
  3. GoodDollar Governance: GoodDollar is a protocol run by the community for the good of the community. Efforts in this area will focus on ensuring all members of the GoodDAO – a collective committed to the fight for wealth equality – have the tools, knowledge and encouragement they need to actively contribute to the future of the GoodDollar impact economy.

About GoodDollar

GoodDollar is an anti-poverty blockchain protocol and DAO that draws upon the tools of decentralized finance to offer financially underserved people across the globe access to the digital economy. GoodDollar unites the interests of current crypto investors with the potential of future crypto users, through G$, an ERC-2o token that is distributed as universal basic income. All GoodDollar code is open-source and operates on the Ethereum mainnet and Fuse.io, an Ethereum side-chain. 

For more information, please email:
Anna Stone
[email protected]

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122010

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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Blockchain

This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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