Wednesday
October 9
2019

UNICEF Now Accepting Donations Through Bitcoin and Ether

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.

Photo courtesy of Pexels.

Source: The Guardian (link opens in a new window)

Categories
Finance, Technology
Tags
blockchain, cryptocurrency, financial innovation, global development, nonprofits, philanthropy