[bluehorseray]

Is this basically a low friction way to help people in poverty to invest in an index-fund? Not a bad idea

[setgree]

On the right track, but the core idea is:

Glo is a stablecoin that crypto investors/regular folks buy that generates returns for people living in poverty.

Glo gives money away through GiveDirectly, so the recipients get the money in their local currency.

More on the basic model: https://twitter.com/GLO_incomecoin/status/157187934049285325...