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With the launch of a new Cryptocurrency fund, UNICEF now accepts donations in bitcoin, e…

12 Oct With the launch of a new Cryptocurrency fund, UNICEF now accepts donations in bitcoin, e…

Posted at 22:21h in Cryptocurrency News by

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tech2 News StaffOct 11, 2019 14:17:38 IST

Through a newly-established Cryptocurrency fund, the United Nations Children’s Fund will now be able to receive, hold and disburse donations in cryptocurrency. Specifically, the platforms ether and bitcoin have been green-lit for donations in cryptocurrency by UNICEF. With this, the UN Children’s Fund becomes the first UN organisation to hold and make transactions in cryptocurrency.

Cryptocurrency is “a significant and welcome step forward in humanitarian and development work,” Henrietta Fore, UNICEF’s Executive Director, said in a statement. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer.”

With the launch of a new Cryptocurrency fund, UNICEF now accepts donations in bitcoin, ether

In January this year, Facebook prohibited all ads on its platform that promote cryptocurrency.

As soon as the Fund was announced, the first contribution came from the Ethereum Foundation and went towards three grantees under UNICEF’s…

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