From the Biteuro Facebook Page:

First automatized social money in the world, it based on Bitcoin technology (BTC), European Citizens (EU), Unconditional Basic Income (UBI). Be you! (BEU)

Mission

Release of the first digital Social money with Unconditional Basic Income for EU citizens.

Company Overview

Development of Bitsocial technology and the first digital Social money with Unconditional Basic Income for next generation economy system in EU.

Description

Introduction of Biteuro concept (BEU)

Future Social money concept of European Union, it based on:

– Bitcoin technology (BTC)
– 500 million European Citizens (EU)…See More

General Information

Next generation economy. Next generation money.

Printed money based on Gold standard.
Digital money based on Technology standard.
Social money based on Technology and Social standard.

The Biteuro initiative has a Hungarian Wikipedia page here.