Home News Blockchain UNICEF Starts Accepting Donations in Cryptocurrency DAI

UNICEF Starts Accepting Donations in Cryptocurrency DAI

January 08, 2019 12:13
|
Share with your friends

The United Nations International Children’s Emergency Fund (UNICEF) announced that they were opening up donations in cryptocurrency Dai (DAI) that will help in funding blockchain-backed ventures, the organization said on its portal recently.

On its official website, UNICEF said, “UNICEF Ventures invests in frontier technologies, and how they could be used to solve humanity’s greatest challenges. Blockchain and distributed ledger technologies, has been an area of exploration for the agency for several years. The Dignity Network, a global series of learning events and co-design sessions aim to provide new skills to youth, build blockchain communities, and solve challenges.”

The portal said, “Donations made in Dai to UNICEF France will go to creating bounties and funding research for open source tech and infrastructure projects, to help the world’s most vulnerable people. No amount is too small.”

This is not a first of its kind for the United Nations. Various branches of the organization have already begun accepting donations in cryptocurrencies, as well as tying up with exchanges such as Binance.

Earlier, UNICEF France had announced that it acknowledged contributions specifically in the accompanying digital currencies: Bitcoin (BTC), Etherium (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), EOS (EOS), Monero (XMR), DASHpay (DASH) and Stellar (XLM). It is likewise possible to make a free donation by mining one of the listed digital currencies on the UNICEF France digital wallet.

At the time, Director of the French branch of UNICEF Sebastian Lyon had said, “Cryptocurrencies and blockchain technology for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our actions with children in our country of intervention. It is an innovation in terms of solidarity and fundraising that we are still few to propose, but which tends to become more democratic.”

Liked what you read? Join us on Telegram

LEAVE A REPLY

Please enter your comment!
Please enter your name here