RATE Group | UNICEF Launches Cryptocurrency Fund to Back Open Source Technology
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UNICEF Launches Cryptocurrency Fund to Back Open Source Technology

13 Oct UNICEF Launches Cryptocurrency Fund to Back Open Source Technology

Posted at 03:27h in Cryptocurrency News by

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UNICEF, the United Nations Children’s Fund, has launched a crypto fund to receive, hold and distribute donations of bitcoin and ether in its aim to back open source technology for children around the world.

UNICEF said in an announcement on Wednesday that in a first for United Nations organizations, the Cryptocurrency Fund will receive contributions in cryptocurrency and grant out in the same digital currency form.

The organization added the first contributions to the UNICEF Cryptocurrency Fund come from the Ethereum Foundation and “will benefit three grantees of the UNICEF Innovation Fund.”

It said the three grantees that will receive the initial donations are Prescrypto, Atix Labs and Utopixar, focusing on the areas of “prescription tracking, matching investors and those needing funding, and community tokens and engagement.”

Aya Miyaguchi, executive director of the Ethereum Foundation, said in a keynote speech at the DevCon event that 100 ether, worth…

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