Ending Extreme Poverty With The Anti-Poverty Version of the Dollar - Co-founders of Glo

----------------------------------------Introducing Causeartist BackOffice, your dedicated operations partner for social enterprises, nonprofits, and mission-driven funds. We provide comprehensive, full-stack operational support, allowing you to focus on growth and impact.Our team of licensed experts—including CPAs, CFOs, and technology specialists—delivers solutions in:Financial Management: Full-cycle bookkeeping, accounting, and tax compliance.Growth & Marketing: Data-driven strategies to maximize your reach and revenue.Investor Readiness: Preparing you for capital raises with pitch decks, financial models, and due diligence support.HR & Administration: Streamlined hiring, payroll, and benefits management.Technology & Security: Expert IT support, platform integration, and cybersecurity.Causeartist BackOffice is trusted by early-stage founders and global teams for world-class expertise built for impact.To learn how we can support your organization, visit Causeartist BackOffice for a free strategy session.In Episode 160 of the Disruptors for Good podcast, we speak with the Co-founders of Global Income Coin(Glo), on using blockchain to end extreme poverty through a fully backed stablecoin.Glo is a nonprofit that thinks and operates like a startup.Glo has raised a $2 million seed donation from a personal donation by Sid Sijbrandij (co-founder and CEO of GitLab Inc.). Their operational costs and employee salaries run on philanthropic donations.With Glo, you can make a powerful impact on ending extreme poverty.Simply by owning money in the form of Glo, you generate new money which then goes to people living in extreme poverty.The US dollar-pegged stablecoin not only gives back to those in need but also allows you to put your money where it matters most: directly into the hands of impoverished people around the world.How it works:You send us $1000.In return, we create 1000 Glo and send it to you.Glo is a cryptocurrency, so we send the 1000 Glo on the blockchain and you receive it in your crypto wallet. We don't like crypto for the sake of crypto—it's just the only viable way to create a new currency.We put your $1000 in the Glo reserve. Keeping it there is how we make sure your 1000 Glo stays worth $1000. Every Glo that exists is backed by one US dollar in the Glo reserve.You can always convert your Glo back to regular US dollars if you need the money, so you're not losing any money in the process.So how does Glo generate basic income? The trick is that we don't literally keep your $1000 sitting in a bank account. We invest a part of it in 3-month T-bills, a type of US government bond.3-month T-bills are about the least risky investment you can think of. For that reason, they are often categorized as "cash or cash equivalents".Still, they generate a small interest. This varies, but our rough assumption is that the Glo reserve will return about 2.5% per year on average. That means every $1000 in the Glo reserve generates $25 per year of profit.We give 100% of this profit away as basic income to people living in extreme poverty.Each recipient gets $1 a day, which is often enough to lift them above the extreme poverty line. Spotlighting impact startups, brands, and founders.We feature social impact startups, conscious brands, and visionary founders shaping the future of business. Join thousands—subscribe to our weekly newsletter for exclusive interviews, the latest funding rounds, digital tool reviews, and curated products fueling the impact economy.To learn more, please visit causeartist.com

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