Could cryptocurrencies be harnessed for provide universal basic income?

Stemming from centuries of philosophical thought, universal basic income (UBI) is a revolutionary socio-economic idea - it supports giving all citizens an unconditional set amount of money to meet their fundamental necessities, regardless of their income or work status. The idea behind the universal basic income (UBI) program is to provide every person with a fixed amount of money, independent of their work or income level, with the intention to improve financial stability and lessen both inequality and poverty in society. New methods for implementing universal basic income (UBI) have developed with the arrival of cryptocurrencies and blockchain technology, providing creative alternatives to economic redistribution; UBI is gradually making its way from the periphery to the centre. In Switzerland, there was an historic vote in the middle of 2023 to adopt and allocate a basic income of 2,500 CHF (2,555 USD) per adult - plus an extra 625 CHF for each dependant. Although nearly 77 percent…