UNICEF, the United Nations’ charity arm for kids, has launched a cryptocurrency fund and is accepting donations in bitcoin (BTC) and ether (ETH).
Saying the information on Tuesday, UNICEF mentioned the initiative has been rolled out to fund open supply know-how benefiting kids and younger folks around the globe.
UNICEF mentioned it’ll obtain in addition to grant donations in BTC and ETH by way of the fund. “If digital economies and currencies have the potential to form the lives of coming generations, it can be crucial that we discover the alternatives they provide,” mentioned Henrietta Fore, govt director of UNICEF.
The Ethereum Basis is the primary donor to the fund, having granted three startups – Prescrypto, Atix Labs and Utopixar – “which work within the areas of prescription monitoring, matching buyers and people needing funding, and neighborhood tokens and engagement.”
Whereas the UNICEF didn’t disclose the quantity of the grants, the Ethereum Basis just lately reportedly mentioned that it despatched 100 ETH (~ $18,000) to UNICEF.
“Along with UNICEF, we’re taking motion with the Cryptofund to enhance entry to fundamental wants, rights, and sources,” mentioned Aya Miyaguchi, govt director of the Ethereum Basis.
This isn’t the primary time UNICEF is exploring blockchain know-how. Earlier this yr, the charitable group was in talks with the federal government of Kyrgyzstan to leverage blockchain know-how to supply Web entry to each college within the central Asian nation.
Final December, UNICEF granted $100,000 to 6 blockchain startups to resolve points starting from healthcare to managing funds and sources.