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by hither_shores 1368 days ago
> Instead of (or in addition to) donating convert your USD to Glo and it will passively generate money for GiveDirectly. Our goal is to scale up the available money for GiveDirectly to give away.

That GiveDirectly isn't already doing something similar indicates to me that they believe it's not an effective use of money. You, I assume, disagree. Why should I trust your judgement over theirs?
1 comments
glocoin 1368 days ago
We're not endorsed by GiveDirectly, but in our informal chats they expressed excitement about our plans. I can't speak for them but I can imagine they want to focus on their core model. Building and issuing a stablecoin is quite a separate enterprise.

As for whether Glo is an effective use of money, if we'd capture 5% of the stablecoin market we'd generate the total amount of money GiveDirectly distributed in 2021 [1]

1. https://www.globalincomecoin.com/articles/vision-and-growth-...

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