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Based on #usukfulbright multi-year ethnographic #ActionResearch (2022–2025) across #SiliconValley, #DC, #Europe and the #GlobalSouth — including #Web3 #decentralization ecosystems like #Ethereum #MakerDAO #Uniswap #Mastodon #Celo #GrassrootsEconomics #GoodDollar

I'm happy to welcome Will Ruddick @wiolru on #mastodon. He has founded #grassrootseconomics in Kenya. His #Sarafu network is quite famous in the field of #complementarycurrencies. It's worth looking on his valuable work in #Kenyan communites!

#newhere
#followerpower

"Each week, families are issued with virtual vouchers worth 400 Kenyan shillings (~US$4), which they can use to buy essential goods."

"Unlike cash aid, which can be spent on anything, Sarafu can only be used to pay for essentials such as food, health supplies and educational resources."

Virtual currency helps Kenya slum dwellers battle Covid-19 downturn

#Kenya #BasicIncome #UBI #KenyaRedCrossSociety #NGO #Sarafu #CommunityInclusionCurrency #CIC #GrassrootsEconomics

https://www.rnz.co.nz/news/world/434867/virtual-currency-helps-kenya-slum-dwellers-battle-covid-19-downturn

Virtual currency helps Kenya slum dwellers battle Covid-19 downturn

A project giving Kenya's poor virtual money is providing a lifeline for families trying to cope with the financial pain of the pandemic.