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The fund\u2019s efforts will initially focus fighting the global pandemic currently dominating the news cycle, but will eventually switch to providing money for girl\u2019s health, education and universal basic income (UBI) initiatives. Dorsey is really putting his money where his mouth is when it comes to taking action to improve the world:<\/p>\n
\n\u201cI believe they represent the best long-term solutions to the existential problems facing the world. UBI is a great idea needing experimentation. Girl\u2019s health and education is critical to balance\u201d.<\/p>\n<\/blockquote>\n
He promises that all the funding will be transparent, and further notes:<\/p>\n
\n\u201cThe impact this money will have should benefit both companies over the long-term because it\u2019s helping the people we want to serve.\u201d<\/p>\n<\/blockquote>\n
Dorsey is a\u00a0known Bitcoin supporter<\/a>. He recently\u00a0suggested<\/a>\u00a0that Square\u2019s CashApp<\/strong><\/a> should be used to distribute the U.S. stimulus package. Meanwhile, Bitcoin\u00a0remains<\/a>\u00a0one of the few strong revenue generators for CashApp<\/strong><\/a> in the face of the crisis.<\/p>\n
Source:\u00a0https:\/\/cointelegraph.com\/news\/jack-dorsey-donates-28-of-his-wealth-to-global-covid-19-relief<\/a><\/p>\n\n