UNICEF to Accept Cryptocurrency Donations Through Newly-Created Fund

UNICEF to Accept Cryptocurrency Donations Through Newly-Created Fund

The United Nations Children’s Fund (UNICEF) has rolled out a cryptocurrency fund that will enable the organisation to receive, hold, and distribute donations in bitcoin and ether. UNICEF will use cryptocurrencies to support open-source technology assisting children and young people across the globe.
The Cryptocurrency Fund
Contributions to the cryptocurrency fund will be held in the cryptocurrency of donation and will be disbursed in the same cryptocurrency.
UNICEF’s Executive Director Henrietta Fore stated: “This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of the coming generations, it is important that we explore the opportunities they offer. That is why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”
UNICEF is the first United Nations Organisation to establish a cryptocurrency fund. The fund is part of the organisation’s current work with blockchain technology. UNICEF and WFP are the leaders of the UN Innovation Network , a body that researches the impact of emerging technologies, such as the blockchain.
First Crypto Contributions
The first crypto contributions to the newly-created cryptocurrency fund will come from the Ethereum Foundation. The contributions will profit grantees of the UNICEF Innovation Fund and the GIGA initiative project that connects schools with the internet.
Aya Miyaguchi, Executive Director of the Ethereum Foundation said: “The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we are taking action with the Crypto Fund to improve access to basic needs, rights, and resources. We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come.”
The grantees of the UNICEF Innovation Fund that will receive the initial funds are Prescrypto , Utopixar , and Atix Labs . Prescrypto offers prescription tracking while Utopixar leverages blockchain technology to solve social and environmental challenges. Atix Labs is a blockchain solutions company.
The Ethereum Foundation will make the first contribution through UNICEF’s French National Committee . Other UNICEF National Committees that accept crypto are the US, New Zealand, and Australia.  
The post UNICEF to Accept Cryptocurrency Donations Through Newly-Created Fund appeared first on BitcoinAfrica.io .

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