Marshall Islands roll out nationwide universal basic income
The Marshall Islands have become the first country to introduce a universal basic income at the national level. Under the program, every resident will receive $200 every three months, with payments available via bank transfer, check, or cryptocurrency.
Finance Minister Paul said the initiative is intended to strengthen financial confidence among citizens and potentially slow emigration. The Pacific island nation has a population of roughly 35,000 people, making it one of the smallest real-world tests of a universal basic income system.
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The Marshall Islands have become the first country to introduce a universal basic income at the national level. Under the program, every resident will receive $200 every three months, with payments available via bank transfer, check, or cryptocurrency.
Finance Minister Paul said the initiative is intended to strengthen financial confidence among citizens and potentially slow emigration. The Pacific island nation has a population of roughly 35,000 people, making it one of the smallest real-world tests of a universal basic income system.
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