UNICEF Launches Cryptocurrency Based Fund

UNICEF, the United Nations Children’s Fund, has launched a crypto fund to receive, hold and distribute donations of bitcoin and ether in its aim to back open-source technology for children around the world. UNICEF said in an announcement on Wednesday that in a first for United Nations organizations, the Cryptocurrency Fund will receive contributions in cryptocurrency and grant out in the same digital currency form. The organization added the first contributions to the UNICEF Cryptocurrency Fund come from the Ethereum Foundation and “will benefit three grantees of the UNICEF Innovation Fund.”

Source: coindesk.com/unicef-launches-cryptocurrency-fund-to-back-open-source-technology

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