Grow your knowledge about Glo and crypto for good.
To end extreme poverty, Glo would need to replace 8% of all the money in the world.
But Glo works at any level of adoption: $17,800 of Glo is enough to lift one person out of extreme poverty. These, and other (very rough) estimates, explained in this article.
GiveDirectly is the organization we donate all our profits to.
They do the actual work of providing basic income. GiveDirectly selects recipients living in extreme poverty and sends them money on a monthly basis.
Glo generates basic income by investing in T-bills. Here's what that means.
For every Glo out in the world, we hold $1 in our reserve as backing. We invest in T-bills which earn interest. That interest is the money we give away as basic income. Investing in T-bills is the standard business model for stablecoin issuers.
We aim to make Glo the #1 stablecoin—here's how.
If you're an individual or institutional stablecoin user, switching to Glo means business continues as normal except you're also lifting people out of poverty.
Why should you convert some of your savings to Glo?
Glo allows you to contribute to charity without having to donate—or, if you're already donating, to maximise your impact beyond your donations.