Coinbase Donates $12,000 in Cryptocurrency to New Yorkers: Pilot Program Explores Digital Payments

A pilot program in New York City is testing the use of cryptocurrency as a payment method for low-income residents. The initiative, funded by a donation from Coinbase’s philanthropic arm, will provide 160 participants with $12,000 worth of USDC stablecoin. This innovative approach aims to empower recipients through larger one-time payments and explore the potential benefits of digital currency in daily life.