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The Pacific island nation of the Marshall Islands has just made history—officially launching the world's first government-supported universal basic income (UBI) program using cryptocurrency. This is not just a proof of concept but the implementation of a real national policy.
What does this mean? Citizens can receive government benefits directly in the form of digital assets, breaking the traditional fiat currency monopoly in national payment systems. For the entire crypto ecosystem, this is not only a breakthrough in adoption but also an official endorsement by a sovereign nation of blockchain as a legitimate payment tool and reserve asset.
From a market perspective, this opens up new possibilities. Payment tokens, identity verification projects, and any blockchain solutions that could be integrated into this infrastructure are worth paying attention to. More importantly, it will encourage other countries to follow suit with similar experiments. As more government systems adopt crypto applications and "real-world use cases" shift from concept to reality, the entire market landscape will change accordingly.
This case essentially exemplifies the movement of crypto from the fringes toward institutionalization.