Food stamps built on ETH so that low income communities can also participate in the cypto economy
ETH EBT allows people on food stamps shop online using ETH and gives them a savings account where their food stamps can generate interest to help them get out of poverty. Food stamps don't work online In 2019, 38M Americans received food stamps. That's more than 10% of the U.S. population. The way that people shop has changed over time, but food stamps have remained the same. Currently, food stamps only work at limited physical stores and online retailers do not accept them. Millions people in America and Puerto Rico use federal assistance as their main source of food income. All_ebt is creating a way for all of them to access digital economies.
How it's made
A DAO created on top on Aragon using a stable coing such as FRAX with a back end built on IPFS. Democratizing digital economies All_ebt aims to allow food stamp recipients to expand the use of their benefits to any online retailer. This is a big deal because people on Food Stamps only have limited options of where they can online right now.Technologies used