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2019-10-09

UNICEF With Crypto

 

UNICEF, the United Nations Children's Fund, has set up a cryptocurrency fund to support open source technology "benefiting children and young people worldwide".

According to an official announcement published on 8th October, UNICEF became the first UN organisation to "store and trade in cryptographic currency", namely Bitcoin (BTC) and Ether (ETH). 

As announced, the Ethereum Foundation, a Swiss non-profit organisation, became the first donor of the new cryptographic currency fund. Aya Miyaguchi, Executive Director of the Foundation, has reportedly said that 100 brothers - approximately $18,000 in the press period - have already been sent to UNICEF through a new partnership.