UNICEF, the U.N.'s charity for children, launched a cryptocurrency fund that will enable the organization to receive donations in bitcoin and ether.
The non-profit will use the fund to store donations, before distributing funding in the same form of cryptocurrency.Ethereum blockchain platform
"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," UNICEF Executive Director Henrietta Fore said in a press release on Wednesday. "The creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work."
"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," she said. UNICEF's announcement on Wednesday made it the latest charitable organization to accept digital currencies.
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