August 14, 2022

UNICEF will start accepting cryptocurrency

UNICEF will start accepting cryptocurrency

The UNICEF Foundation was the first UN organization to start accepting cryptocurrency donations.

Recently United Nations Children's Fund(UNICEF) announced that it will accept, spend and store donations in bitcoins and on air. By creating its new cryptocurrency fund, UNICEF becomes the first UN organization that performs operations with cryptocurrency.

Henrietta Foret, Executive Director of UNICEF, commented on this initiative as follows:

This is new and extremely interesting for us. If digital currencies are truly capable of changing the lives of future generations, it is important that we explore the opportunities they offer. That is why the creation of our crypto fund is an important and significant step.

It is noteworthy that the company Ethereum Foundationwill be the first organization to donate to UNICEF using cryptocurrency. Ayia Miyaguchi, executive director of the Ethereum foundation, noted that this step will help demonstrate the power of EtherEum and blockchain technology.

According to the materials