Yesterday the UNICEF Innovation Fund announced that it is investing more than $300,000 into three blockchain startups, Leaf Global Fintech, Rumsan and Xcapit.
The aim is to provide early stage funding to open-source technology startups from emerging markets that are having a positive humanitarian impact, particularly for financial inclusion. One of the advantages of blockchain is removing intermediaries, which can save money for the most vulnerable.
Based in Rwanda, Leaf Global Fintech has received $48,900 and ETH 20.69 ($51,700) for Leaf Wallet, its cross-border digital wallet. Powered by the Stellar blockchain, Leaf allows East African users to store money in multiple currencies, make low cost remittances, pay for goods and services and exchange currencies.
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