Google-Backed Guaranteed Income Pilot Set to Launch with $2.7M Giveaway: Impact on Bitcoin (BTC) and Crypto Market

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Google’s charitable arm, Google.org, is backing a new multi-million dollar guaranteed income project aimed at helping struggling families in San Francisco.
The pilot program, named “It All Adds Up,” will distribute a total of $2.7 million to 225 families over a period of five years.
Each family will receive $1,000 per month for one year, with an additional 225 families acting as a control group, receiving $50 per month for a year.

Google.org, the philanthropic arm of tech giant Google, is investing in a guaranteed income project in San Francisco, aiming to provide financial relief to struggling families.

Google.org’s Philanthropic Initiative

Google.org is funding a pilot program called “It All Adds Up,” which will provide a total of $2.7 million to 225 families in San Francisco who are grappling with homelessness. The program is set to run for five years, with each family receiving $1,000 per month for one year. The initiative is designed to help families meet basic needs and potentially lift themselves out of poverty.