UNICEF, the United Nations Children’s Fund, has launched a crypto fund to obtain, maintain and distribute donations of bitcoin and ether in its purpose to again open supply expertise for youngsters world wide.
UNICEF mentioned in an announcement on Wednesday that in a primary for United Nations organizations, the Cryptocurrency Fund will obtain contributions in cryptocurrency and grant out in the identical digital forex type.
The group added the primary contributions to the UNICEF Cryptocurrency Fund come from the Ethereum Foundation and “will benefit three grantees of the UNICEF Innovation Fund.”
It mentioned the three grantees that can obtain the preliminary donations are Prescrypto, Atix Labs and Utopixar, specializing in the areas of “prescription tracking, matching investors and those needing funding, and community tokens and engagement.”
Aya Miyaguchi, govt director of the Ethereum Foundation, mentioned in a keynote speech on the DevCon occasion that 100 ether, price about $18,000 at its present worth, has been despatched to the UNICEF through the brand new partnership.
“This is a new and exciting venture for UNICEF,” mentioned UNICEF Executive Director Henrietta Fore. “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. ”
“Together with UNICEF, we’re taking action with the Crypto Fund to improve access to basic needs, rights, and resources,” Miyaguchi mentioned within the announcement.
The UNICEF Cryptocurrency Fund is the UN youngsters company’s newest push to undertake blockchain expertise for its wider objective. Earlier this yr, it was in talks with the federal government of Kyrgyzstan to make use of blockchain to supply web entry to colleges within the nation through the so-called Project Connect initiative.
In December final yr, UNICEF mentioned it was investing $100,000 in six blockchain startups with a view to resolve world challenges through blockchain, starting from healthcare supply transparency to managing funds and sources.
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