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Bitcoin and Ethereum Donations Now Accepted by UNICEF Through Its Newly-Established Crypto Fund

Wed, 10/09/2019 - 05:58
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Alex Dovbnya
The UNICEF Cryptocurrency Fund will allow the organization to receive, hold, and distribute donations made in Bitcoin and Ethereum
Bitcoin and Ethereum Donations Now Accepted by UNICEF Through Its Newly-Established Crypto Fund
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UNICEF, an international organization that provides food and healthcare to disadvantaged children, has made an announcement about the establishment of a cryptocurrency fund for accepting donations in Bitcoin and Ethereum. 

The Swiss-based Ethereum Foundation made the very first contribution, which amounts to 1 BTC and 10,000 ETH. It is worth noting that the organization received more than $15 bln in donations, which signifies the need for implementing financial innovations.

US Colleges Still Reluctant to Accept Bitcoin Donations

UNICEF Executive Director Henrietta Fore claims that they need to explore the opportunities that are given by the emerging digital economy.        

  “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." 

In its press release, the agency states that it keeps exploring the pros and cons of Blockchain as well as other disruptive technologies.  

With cryptocurrencies, it is much easier to control the spending of all contributions given that all transactions are recorded on an immutable ledger. This makes the process more transparent and eliminates corruption within UNICEF.

As reported by U.Today, the Litecoin Foundation recently announced a partnership with UNICEF Kid Power to reward children for making valuable contributions to their communities.      

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at