Press release. shopping.io – Los Angeles, CA Leading crypto e-commerce platform will donate $50,000 to eToro’s flagship corporate social responsibility project gooddollar, a non-profit initiative that distributes free crypto-based universal basic income (UBI) as part of its mission to onboard and educate the next billion digital asset users.
The $50,000 donation from Shopping.io will be used to support a blockchain-based fund that continuously mines and distributes digital basic income every day to over 250,000 members in more than 180 countries. GoodDollar stands out for its scalable and sustainable approach to creating crypto-based UBI, leveraging the principles of impact investing to enable financial backers to earn rewards while using their crypto to fund a social project. picks up. Shopping.io’s $50,000 donation will be locked into the Perpetual Donation Original Income Fund, a smart contract that donates with all accrued interest back to beneficiaries as basic income. This makes Shopping.io’s one-time gift a “sustainable donation” that will be used to create a forever digital basic income in the crypto-asset GoodDollar (G$). Shopping.io is the first company to make a philanthropic donation to support the GoodDollar Protocol: all funds will be used to strengthen the Basic Income Fund that benefits GoodDollar members, not operating expenses.
Starting June 4, GoodDollar members will be able to spend their G$ tokens on Shopping.io’s e-commerce platform and use them to shop on Amazon (US, UK, CA + DE), Ebay and Walmart. Through Shopping.io, GoodDollar members will now be able to use their GoodDollar tokens to shop for basic necessities and everyday items, marking a significant milestone for the project and its members. Now, those who benefit the most from GoodDollar’s daily UBI delivery can spend their GoodDollars on toilet paper, toothpaste, emergency supplies and more on Shopping.io’s platform. The GoodDollar and Shopping.io collaboration has several synergies, with donations of $50,000 being used to create more GoodDollars, which can then be used on Shopping.io’s platform.
“We are honored that the team at Shopping.io has recognized GoodDollar’s important role in advancing the digital asset market and engaging the millions of new users who would otherwise be left behind. We are delighted with their generous donation. , which will be used for free digital currency for generations to come,” said Yoni Assia, founder of GoodDollar and co-founder and CEO of eToro.com. “My hope is that it will be used by other crypto-philanthropists, entrepreneurs and companies To pursue greater economic empowerment for all to use their crypto, reduce financial inequality within digital assets as a goal,” he said.
Performing well for GoodDollar members and the digital asset ecosystem at large, the collaboration provides Shopping.io with a unique introduction to eToro and its larger ecosystem of customers. Arbel Arif, founder and CEO of Shopping, said, “We loved what Gooddollar was doing and wanted to help in any way we could, so we decided on this impact-driven model, which I think both will bring great benefits to the parties.” io
With the shared vision that e-commerce and consumption are key avenues for taking crypto mainstream, Shopping.io and GoodDollar are thrilled to announce this partnership, which will bring the spending power of millions of people around the world. Has the potential to benefit financially.
GoodDollar.org is a non-profit initiative driven to advance financial education and empowerment through the free distribution of cryptocurrency. It does this through advancing the GoodDollar Protocol, which uses free market forces to create a sustainable and scalable framework for crypto-based universal basic income. By creating a free, easy-to-access stream of digital currency, GoodDollar provides a low-risk and free way for real people to start experimenting and profiting from digital assets. The project was founded by Yoni Asiya, co-founder and CEO of eToro, a social investment platform with over 20 million registered users. eToro has financed the GoodDollar project as part of its Corporate Social Responsibility initiative.
shopping.io The first international crypto e-commerce onboarding and fulfillment service. We are the bridge behind crypto and retail. When you shop online using your preferred crypto currencies on the Shopping.io platform, you have the freedom to pay. At Crypto we are the only company that allows you to shop from major e-commerce hubs globally, while keeping track of how you shop online with your crypto. We believe in the power of giving complete freedom to the crypto industry when it comes to e-commerce. You have the power to choose how you spend your crypto shopping.io.
You can buy Shopping.io native tokens with $SPI and $GSPI to enjoy discounts and free international shipping. $SPI and $GSPI are both utility tokens. https://beta.shopping.io/foundation
This partnership is a big step between Shopping.io and the eToro ecosystem, as we look forward to making it pay for men and women in need around the world.
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