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09/10/19 05:30 UTC-4

UNICEF opens a crypto fund, accepts donations in Bitcoin and Ether

CryptocurrencyCrypto fund of UNICEF
Crypto fund of UNICEF

UNICEF, a United Nations charity for children, has established a cryptocurrency fund. It accepts donations in BTC and ETH.

Charitable crypto fund

Having published this news on Tuesday, October 8, UNICEF announced that the mission of the foundation is to help children and young people around the world. Donations will be accepted in BTC and ETH.

"If the digital economy and currency are capable of shaping the lives of future generations, it is important for us to explore the opportunities they offer," said Henrietta Fore, Executive Director of UNICEF.

The first contributions will be received from the Ethereum Foundation and will be used for funding three projects, one of which is working on giving the Internet connection to all schools in the world.

There is also information on Twitter that Ethereum had sent 100 ETH ($18,000) to the UNICEF fund.

"Together with UNICEF, we are working with a crypto fund to improve access to basic needs, rights, and resources," said Aya Miyaguchi, Ethereum's executive director.

Interesting in the section: Thousands of people in Venezuela will survive the economic crisis thanks to Bitcoin

  • UNICEF has previously researched blockchainBlockchain
    is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
    technology. This year, the charity held talks with the Kyrgyz government concerning the use of blockchain technology to provide Internet access to every school in Central Asia.

  • Last year, UNICEF allocated $100,000 to six blockchain startups ranging from health care to financial and resource management.

See also: "A gang of telephone crypto fraudsters caught in Russia"

#UNICEF #cryptofund #cryptocurrency #blockchain

Editor: Yuliya Soroka
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