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eToro Intends Using Blockchain to Curb Wealth Inequality

A blockchain initiative recently unveiled by trading platform, eToro is said to be in pole position to help curb economic disparity and ultimately fight the uneven distribution of wealth in our society.
The blockchain driven social project called Goodollar is geared towards using cryptocurrency to better a lot of people who are marginalized in the society. The project Goodollar is one of the main projects eToro is embarking on and already invested $1 million in it while looking for more partners to join the noble initiative.
One one of the unique selling point of the Goodollar project is the establishment of a direct ownership connection between identity and currency and ultimately ending the menace of intermediaries in transactions.
The social trading platform eToro prides itself as the world’s leading social trading platform, which offers to invest in both stocks and cryptocurrency, as well as Trading CFD with different underlying assets.
The trading platform also recently announced that it is launching its cryptocurrency wallet, the platform revealed that the wallet would at first support Litecoin, Bitcoin Cash, Ethereum and Bitcoin, and with time another major cryptocurrency will also benefit from the effectiveness of the crypto wallet.
The decision to adopt blockchain for the social project did not come as a surprise as the blockchain technology has over the months and generally throughout the year proven its versatility to all and sundry.
The technology has been adopted by firms that span virtually all walks of life, from Agriculture to food processing firms, Pharmaceutical industry to Accounting firms, airline agencies and hotels have also benefited from the technology, which lovers regard as the next best thing after internet and power supply.
The United Nations department dedicated to women’s right and the vulnerable in the society recently also used decentralized technologies to pay remunerations to refugees working in a camp in Jordan.
The world’s leading social trading platform recently added a feather to its wing by becoming the first website to trade Binance’s in-house token Binance Coin (CNB). Crypto market pundits are of the opinion that the effective collaboration between the world’s largest crypto exchange Binance and eToro will go a long way in strengthening the ties among the major compartments in the crypto industry and the beginning of great things in the already proliferated market.

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