EToro trading platform unveils the Blockchain solution to tackle economic disparity


EToro Trading Platform has recently unveiled GoodDollar, a social project based on blockchain to tackle global wealth inequality, according to a press release obtained by Cointelegraph on Wednesday 7 November.

GoodDollar was presented at the Web Summit held this week in Lisbon, Portugal. According to the statement, eToro has invested $ 1 million of its funds in the project and is looking for other partners to join the initiative.

The main objective of the project is to provide economic tools for people who are not rented or deprived of rights, creating "non-speculative cryptocurrency that aims to find ways to reduce wealth inequality on a global scale", statement. The decentralized solution claims to establish a direct property connection between identity and currency, thus helping to obtain funds directly without the intermediaries interfering.

EToro trading platform, which became the first website to exchange Binance Coin (BNB) token by Binance this October, also announced yesterday, November 6, that it is launching its own cryptocurrency portfolio which will initially provide support for Bitcoin (BTC) )), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC).

As often referred to by Cointelegraph, the blockchain is widely used in charitable projects. For example, a United Nations Department of Women's Rights uses decentralized technologies to pay wages to refugees working in camps in Jordan. In addition to being paid without the involvement of banks, refugees within the program can also pay for their purchases directly using a scan of the iris.

Furthermore, the world's largest cryptology exchange, Binance, has recently announced its Blockchain Charity Foundation project, where all donations go directly to its beneficiaries. The platform will initially be used to raise funds for flood victims and landslides in the east of Uganda.

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