Kelsey clarified that “we are not encouraging individuals to invest in risky assets,” adding that the onboarding process included warnings about the downsides of investing in other cryptocurrencies.“If this is being funded in crypto there are some strings attached,” Allen told Bloomberg. “Stablecoins are less volatile than Bitcoin, but I would say that giving money in this way is very much designed to make it easier to take that money to bet on Bitcoin, because it's going to be sitting as crypto in a crypto ...

🗽 NEW: A new basic income pilot is giving low-income New Yorkers $12K in cryptocurrency to study how to alleviate poverty and improve quality of life.This initiative is funded by Coinbase. https://t.co/1gF5tpTz0i ...

A new basic income pilot will give low-income New Yorkers $12,000 — this time in cryptocurrency https://t.co/jad9kD4nu2 ...