The United Nations Children’s Fund (UNICEF) has recently made an announcement that its France wing will be accepting cryptocurrencies. This decision is one of the many announcements that the organization has made so far when it comes to cryptocurrencies.
UNICEF France has authorized 9 cryptocurrencies including Bitcoin Cash (BCH), and Bitcoin (BTC). This will allow more people to come on board to this humanitarian effort. Notably, the organization has also used cryptocurrencies in the past as a means to fund its projects across the world.
UNICEF has its headquarters in New York, the organization helps mothers and children across 190 countries with major focus over Africa and Asia.
In early 2018, UNICEF has also launched a program which allowed people to donate computing power as a means to raise fiat money using cryptocurrency mining.
“Cryptocurrency and blockchain technology used for charitable purposes offers a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.”
An increasing number of charitable organizations are turning towards cryptocurrencies to accept donations. Organizations such as the Multidisciplinary Association of Psychedelic Studies, WikiLeaks, Electronic Frontier Foundation, Antiwar.com, Watsi, Code to Inspire, Water Project, Bitgive and Epic Change are all accepting cryptocurrency donations.
Providing financial aid to such programs has been made a lot easier thanks to blockchain technologies and cryptocurrencies. These currencies are not governed by any financial institution, users can easily support the cause from anywhere in the world. Since there is no middleman involved, the contributors do not have to pay any transaction fees. This allows the complete amount to reach UNICEF.