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$250 Stimulus To Be Given To Qualified Americans in Two Years 

The government of the United States has enhanced its guaranteed income program, which might result in Americans getting $250 every two weeks.

 Hundreds of Americans will get $250 payments every TWO WEEKS for two years (Photo 10TV.com)

The government of the United States has enhanced its guaranteed income program, which might result in Americans getting $250 every two weeks.

A Guaranteed Income for Hundreds of Americans

This will now apply to 400 people in Newark, New Jersey, who will get $250 payouts for the next two years. Since May, city authorities have been working to expand the program. The first phase, which began earlier this year with a group of 30 residents, Newark’s guaranteed income pilot program is now in its second stanza. According to a statement from the city, the expanded program in Newark will be tested in two ways: half of the people who participate will earn a total of $250 on a fortnightly basis, while the other half would receive two payments of $3,000 per year.

This is equivalent to a total of $12,000 for qualified residents, or $6,000 each year. The increase comes as several cities and states experiment with universal basic income (UBI), a set of periodic payments provided by the government to people.

The Following Requirements for the Payments

The city asked a maximum of 1,200 citizens to apply online in July, in collaboration with the University of Pennsylvania’s Center for Guaranteed Income Research.

The residents were chosen based on the following criteria:

  • Ages 18 years and above are allowed to participate.
  • Must earn less than or equal to 200 percent of the federal poverty level
  • The COVID-19 epidemic must have a negative influence.

The federal poverty limit for a four-person household is $26,20 and after receiving over 1,200 applications, the site shuttered two hours after it was launched. “The Newark Movement for Economic Equity” is the name of the city’s two-year research program that provides people with a guaranteed income.

Moreover, following the two-year term of recurrent payments, the city intends to analyze the data to influence state and federal policy changes. Residents in Newark who were chosen for the trial program may expect to get their cash as well as further information about the program.

 

 

 

Finance

XRP Soars After Key SEC Talks: Could Price Hit $3.40 Soon?

In the world of cryptocurrencies, excitement is buzzing as XRP, the digital token created by Ripple, has recently seen an impressive surge in its price. After weeks of ups and downs, XRP jumped by more than 28%, climbing to $2.42 from a weekly low of $1.90. The jump comes just as talks between Ripple and the U.S. Securities and Exchange Commission (SEC) are heating up, sparking a lot of buzz and speculation in the market.

XRP Price Rebounds Strongly

XRP’s incredible rebound has not gone unnoticed. The spike in price hints at growing confidence among traders and investors as discussions about a potential settlement between Ripple and the SEC gain traction. The SEC’s recent move to open talks with Ripple is seen as a hopeful sign, suggesting a possible resolution that could favor XRP in the long run.

Could XRP Reach $3.40?

Analysts believe that if things go well, XRP could soon see a price hike to $3.40, which would be a significant leap for the cryptocurrency. This prediction comes on the heels of excitement around the possibility of an XRP Exchange-Traded Fund (ETF). An ETF would allow more regular investors and institutions to buy XRP easily, which could lead to a whopping $5 billion in new investments pouring into the market.

SEC’s Role and Future Expectations

One of the most crucial pieces of the puzzle is the SEC’s potential decision to classify XRP as a commodity, similar to Bitcoin and Ethereum. If this happens, it could clear the way for the approval of XRP ETFs, further boosting its price. Experts suggest that the SEC might decide on this classification by late Q3 or early Q4 of 2025, depending on the resolution of Ripple’s ongoing legal battles.

Institutional Interest on the Rise

Moreover, institutional interest in XRP is also increasing. Recent data shows that major financial players, like BlackRock, are looking to launch altcoin ETFs, which includes XRP. This type of support could strengthen XRP’s position in the market, making it a more attractive option for investors.

What Experts Are Saying

Industry specialists are optimistic, emphasizing that the combination of regulatory clarity and increasing demand for XRP could lead to price predictions soaring as high as $10 by the end of 2025. This is largely due to Ripple’s repeated partnerships with leading financial institutions and its successful bid for a license from the Dubai Financial Services Authority (DFSA)—a first for a blockchain company in Dubai. These partnerships enhance XRP’s usability and demand on a global scale.

Table of Recent XRP Price Movements

Date Price Change (%)
March 10, 2023 $1.90
March 15, 2023 $2.42 +28%

Community Buzz About the Future

With all the recent developments, the community is buzzing with excitement about the future of XRP. Many are wondering if XRP can indeed break past the $3.40 mark, which would mark a significant milestone in its journey. The ongoing legal case with the SEC remains in the spotlight, casting a shadow or boosting morale depending on the news from Ripple.

Conclusion – The Road Ahead

As we continue to watch the developments unfold, it’s clear that XRP is at a crucial turning point. Whether it can maintain its momentum and reach the soaring heights analysts predict remains to be seen, but the current trends suggest that XRP has a promising road ahead. With institutional backing and a potential softening of regulatory pressures, traders and investors alike are keeping a close eye on this cryptocurrency.