UNICEF Launches Cryptocurrency Fund Supported by Ethereum Foundation

UNICEF, the United Nations Kids’s Fund, has launched a cryptocurrency fund to assist open supply know-how “benefiting youngsters and younger folks all over the world.”

Based on the official announcement revealed on Oct. eight, UNICEF thus grew to become the primary U.N. group “to carry and make transactions in cryptocurrency,” particularly Bitcoin (BTC) and Ether (ETH). UNICEF government director Henrietta Fore added:

“It is a new and thrilling enterprise for UNICEF. If digital economies and currencies have the potential to form the lives of coming generations, it will be important that we discover the alternatives they provide. That’s why the creation of our Cryptocurrency Fund is a big and welcome step ahead in humanitarian and growth work.”

Ethereum platform can “higher numerous lives”

Per the announcement, the Ethereum Basis, a Swiss nonprofit group, grew to become the primary contributor to the brand new cryptocurrency fund. Aya Miyaguchi, government director of the Basis, reportedly stated that 100 Ethers — roughly $18,000 at press time — had been already despatched to the UNICEF by way of the brand new partnership.

These funds “will profit three grantees of the UNICEF Innovation Fund” and “a undertaking coordinated by the GIGA initiative to attach faculties internationally to the web,” in accordance with the announcement. Miyaguchi added:

“We purpose to assist the analysis and growth of the Ethereum platform, and to develop the group of those who profit from a know-how that may higher numerous lives and industries within the years to return.”

As Cointelegraph reported on Dec. 10, 2018, the UNICEF Innovation Fund invested $100,000 in six firms for creating blockchain tasks.

In February, Ethereum hardware hackathon ETHDenver partnered with UNICEF on a blockchain bounty token system.

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