United Nation International Children’s Emergency Fund(UNICEF) yesterday, released a press statement launching a crypto innovative fund that will enable them to receive donations in form of cryptocurrencies mainly Bitcoin and Ether for now and as the donation is being received, so must it be issued out in the form of digital currency beginning with Bitcoin and Ether.
UNICEF executive director Henrietta Fore said “If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”
Furthermore, she said this Cryptocurrency Fund is part of UNICEF’s work in progress regarding the potentials and pitfalls on Blockchain, Digital Economies and Currencies as the fund will be responsible for researching this and other emerging technologies.
UNICEF will use this crypto innovative fund to aid in emerging technologies that benefit children across the world and connect them to the internet.
Ethereum Foundation plays a very vital role in this UNICEF Crypto Innovative Fund as their first donation will come from the Ethereum Foundation. Ethereum envisions building a decentralized internet and computers through the use of smart contracts and DApps as the fund researches about the potentials and pitfall of Blockchain technology Ethereum will be playing its role to assist the foundation while the UNICEF Crypto Innovative Fund aids in Ethereum adoption.
The Ethereum Foundation was excited to demonstrate the power of what Ethereum and Blockchain technology can do for this generation and the communities around the world.
Executive Director of the Ethereum Foundation said,” together with UNICEF, we’re taking action with the Crypto fund to improve access to basic needs, rights, and resources. We aim to support the research and development of the Ethereum platform, and to grow the community of those that benefit from a technology that will better countless lives and industries in the years to come. We’d like to thank UNICEF and the UNICEF family of national committees for their leadership as we create real progress together.”
This really calls for crypto adoption as the UNICEF has seen the power of Blockchain Technology and Digital Currencies will shape our lives in few years to come, is time to bundle up, put on our seat belts because we are about to ride the rest of our lives and the future is exciting for the crypto space.
I Am Cryptoras.