Today, UNICEF
announced the launch of its Cryptocurrency Fund, which allows the UN body to receive, hold, and distribute donations made in blockchain-based digital assets. This makes it the first UN organization to have and make transactions in cryptocurrency.
The children’s agency already has a fund, the
UNICEF Innovation Fund, contributing to blockchain startups which focus on welfare or the development of emerging economies. Now the national committees of UNICEF Australia, New Zealand, France, and the US can fund such projects with cryptocurrency. Ether and Bitcoin are currently accepted, with the Ethereum Foundation making the first donation to the Cryptocurrency Fund.
The Foundation’s Executive Director, Aya Miyaguchi, said: “The Ethereum Foundation is excited to demonstrate the power of what Ethereum and blockchain technology can do for communities around the world. Together with UNICEF, we’re taking action with the Cryptofund to improve access to basic needs, rights, and resources.”
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