UNICEF Now Accepting Donations Through Bitcoin and Ether
Wednesday, October 9, 2019
By Vidhi Doshi
The UN children’s agency, Unicef, has announced it is accepting and disbursing donations through cryptocurrencies ether and bitcoin.
Unicef’s new Cryptocurrency Fund is the latest in a series of efforts by aid organisations to experiment with “blockchain” currencies, which have the potential to transform charitable giving and increase financial transparency.
Cryptocurrencies are virtual currencies that can be cashed in for real money, and are not linked to any single country or central authority. Instead, a ledger of transactions is maintained by a decentralised network of computers.
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