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eToro, a multi-asset investment platform, has just announced it is strengthening its commitment to open up the digital economy to the next billion cryptocurrency users globally by this week by increasing its stake in the GoodDollar universal basic income (UBI) protocol from $58,000 to $1 million, according to the press release shared with iHodl.

The investment will allow the project to continue the expansion of GoodDollar, a protocol that aims to promote financial literacy and reduce the growing global wealth gap with a clever combination of smart contract mechanics, decentralized finance (DeFi) and the G$, a reserve-backed token.

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In few words, the GoodDollar project captures the interest generated by staking sponsors’ capital in DeFi protocols and distributes it among its members through GoodDollar tokens.

On top of that, the project also promotes financial education and introduces recipients to the benefits of crypto.

Since the project is based on DeFi, it is not limited to a particular jurisdiction, and as a result, is free from geographical, economic and regulatory restrictions.

Anyone can join the digital economy by accessing the GoodDollar app and become a philanthropist by staking capital to support the goals of the project.

It must be noted that GoodDollar is the most universal UBI program to date in the world, with over 225,000 users.

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