We are thrilled to announce that Embr Labs is now a member of the Glo Consortium. At Embr Labs, our mission revolves around building the payments infrastructure for the next generation of the internet. As a technology-driven entity, we recognize the power and responsibility we have to contribute to broader societal endeavors. Partnering with the Glo Consortium represents a significant intersection where our technological expertise can aid in Glo’s noble mission to eradicate extreme poverty.
The Glo Consortium, steered by the Glo Foundation, employs the Glo Dollar (USDGLO), a unique stablecoin, to facilitate a Universal Basic Income (UBI) to individuals in impoverished regions. This initiative stands as a direct response to extreme poverty, aiming to provide a sustainable relief to communities in dire need.