Jack Dorsey Donates $5M to Support UBI — Can Crypto Facilitate It?

Jack Dorsey, the CEO of Twitter and the mobile payment platform Square, has pledged $5 million to Humanity Forward, an organization founded by crypto-supportive former presidential candidate Andrew Yang. This donation is part of a broader initiative by both Dorsey and Yang to promote the concept of universal basic income (UBI) in the United States.

Dorsey made this announcement during a conversation with Yang on the podcast “Yang Speaks” on May 21, where they discussed the future of technology. He expressed his belief that UBI is “long overdue,” emphasizing that “the only way that we can change policy is by experimenting and showing case studies of why this works.”