UNICEF: First UN organisation to accept donation through Cryptocurrencies
United Nations Children’s Fund (UNICEF), the Children’s agency of the United Nations has now become the first UN organization to hold and make transactions in cryptocurrency. UNICEF now joins a number of other aid agencies that accept donations in cryptocurrencies, such as American Red Cross.
The UNICEF has established UNICEF Cryptocurrency Fund, making UNICEF able to receive, hold as well as disburse donations via cryptocurrencies such as bitcoin and ether. Through the received donations, UNICEF will be funding open source technology that aims to benefit children and young people globally.
The Ethereum Foundation will be first one to be contributing to UNICEF through Cryptocurrency Fund, in form of donations to three grantees of UNICEF Innovation Fund. UNICEF is one of the co-leaders of UN Innovation Network and thus it already helps in researching the potential of blockchain (also other emerging technologies) and problems associated with them.
The organization’s latest move is another major step in its ongoing work related to blockchain and this move would help showcase Etherium and blockchain technology’s power to benefit communities all over the world.
Assam-UNICEF Online Flood Reporting System
The Assam State Disaster Management Agency and the UNICEF has jointly developed an Online Flood Repo...
Putola Nach- Puppetry Art-form of Assam
A trust based in Assam recently made videos using the traditional art called “Putola Nach”. The ...
Google, Microsoft announce funding to help India tackle COVID-19
Google and Microsoft have recently pledged to help India fight COVID-19. Google is to provide 18 mil...
Turkey bans Crypto Currency payments
The Bitcoin currency tumbled more than 4% after the Central Bank of Turkey banned the use of Crypto ...
What is NFT Marketplace?
The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market...
Category: Science & Technology Current Affairs
|View All E-Books: Recent Release|