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Marshall Islands launches world’s first universal basic income scheme offering cryptocurrency
Key Excerpts from Article on Website of The Guardian
Posted: May 7th, 2026
https://www.theguardian.com/world/2025/dec/17/marshall-islan...
The Marshall Islands has introduced a national universal basic income (UBI) scheme that offers payments via cryptocurrency, alongside more traditional methods, which experts say is the first scheme of its kind in the world. Every resident citizen of the Marshall Islands will receive quarterly payments of about US$200 as part of a government effort to ease cost of living pressures. The first instalments were paid in late November and recipients can choose whether the money is paid into a bank account, by cheque, or delivered as cryptocurrency on the blockchain through a government-backed digital wallet. “We the government want to make sure no one is left behind,” Marshall Islands’ minister for finance David Paul [said]. “$200 per person per quarter, which is about $800 a year, does not compel you to quit your job ... but it’s actually like a morale booster for people.” The UBI scheme is financed by a trust fund created under an agreement with the United States, which in part aims to compensate the Marshall Islands for decades of American nuclear testing. The cryptocurrency delivery option – which involves the transfer of a digital token known as a stablecoin, pegged to the US dollar – was designed to address the practical challenge of delivering the money across hundreds of remote islands. Anelie Sarana, the finance manager involved in the rollout, said ... many recipients were using the money immediately for basic needs, like food and essentials.
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