29 Oct Virtual Currency for Social Change
South Africa has the third highest unemployment rate in the world for people between the ages of 15 to 24. More than 50% of young South Africans are unemployed. RLabs has created a virtual currency, Zlato, for social change that rewards unemployed youth for doing good in their communities (E.g. cleaning environment, volunteer at local NGOs, Schools etc.). Youth can spend the currency through RLabs Innovation Cafes and local traders in return for their good deeds.
RLabs is currently running a crowd-funding campaign over the next 4 weeks to support this initiative. You can support the Virtual Currency for Social Change here