UNICEF will now accept donations in Bitcoin
The UN Children's Fund (UNICEF) has now started accepting donations in cryptocurrencies ether and
The first contributions to the UNICEF
"This is a new and exciting venture for UNICEF. 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. That's why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work," Henrietta Fore, Executive Director, UNICEF, said in a statement.
When the charitable organisation receives a cryptocurrency donation, it will not cash it out for a national currency.
Instead, it will hold onto the bitcoin or ether and send the funds to a charitable cause in that same tender.
The launch of the UNICEF Cryptocurrency Fund is part of the organisation's ongoing work with Blockchain technology.