The Unicef Cryptocurrency Fund recently created and will allow donations to ether and Bitcoin.
The organization relies solely on volunteer donations and plans to use cryptocurrencies to help children and young people around the world.
"This is a new and exciting venture for Unicef," said Unicef chief executive Henrietta Fore. “If digital economies and currencies have the potential to shape the lives of future generations, it is important to explore the opportunities they offer. That is why the creation of the Cryptocurrency Fund is an important step towards humanitarian and development work. "
Ethereum Foundation, a Swiss-based nonprofit, is excited to partner with Unicef:
“The Ethereum Foundation is excited to show how Ethereum and blockchain technology can help different communities around the world. Our goal is to support her research and its development platform Ethereum, ”said the director of the Ethereum Foundation. This will help everyone who benefits from this technology.
The Ethereum Foundation donation will help three Unicef Innovation Fund fellows (these are startup blockchain companies supported by the organization). In addition, it will enhance the important work GIGA, which aims to connect schools around the world to the Internet.
Unicef in the United States, Australia and New Zealand already accept cryptocurrencies.
Unicef Australia is using a project called Hopepage, and is a browser-based cryptocurrency mining platform. The collected cryptocurrencies are converted into regular money, which the organization uses to provide children with basic goods such as clean water, food, medicines and vaccines.