Cryptocurrency Donations To UNICEF France Become PossibleSeptember 24, 2018
Donors have been provided with another donation option as the United Nations Children’s Fund (UNICEF) announced that UNICEF France will be accepting donations in Cryptocurrencies. Donations will be accepted in 9 digital assets among them Bitcoin (BTC) and Bitcoin Cash (BCH). Recently, more charity organizations have been accepting the new donation method. Cryptocurrency will enable these organizations to raise more money as they are now able to reach more donors.
UNICEF France To Support Cryptocurrency Contributions
The United Nations Children’s Fund (UNICEF) has officially said that UNICEF France will be accepting Cryptocurrency donations. Since the beginning of this year, the organization has adopted various Crypto-related initiatives leading to the introduction of the new donation method. According to the statement, the Cryptocurrency donations can now be made in up to 9 virtual currencies among them Bitcoin (BTC) and Bitcoin Cash (BCH).
The New York-based organization is a known humanitarian and development agency across the world. UNICEF has assisted millions of people in 190 countries where it operates. The organization is especially helpful in regions plagued by hunger, political instability, and other natural catastrophes mainly in Africa, Asia, and Latin America. The agency protects the most vulnerable children by providing them with nutrition, immunization, and health care assistance. They also enhance access to basic education and sanitation services among others.
UNICEF’s Interest Cryptocurrency
This is not the first time that the humanitarian organization has turned to Cryptocurrencies to raise more funds to finance its projects. At the beginning of this year, the organization encouraged people to donate their computing power for Crypto mining to boost donations. The program used CoinHive to mine Monero (XMR). And to help children affected by the ongoing Syrian civil war, the organization started another program to mine Ethereum (ETH).
Cryptocurrencies To Boost Donations
The adoption of Cryptocurrency and blockchain by UNICEF provides the organization with various benefits. The director of UNICEF France Sebastien Lyon said that the new move would enable them to reach more donors and raise enough funds to finance various projects in affected countries. Moreover, the new donation option will see the organization participate in more projects and help in improving the lives of more children around the globe.
Various charities around the world have seen the potential of Cryptocurrencies in enabling them to reach more donors. Apart from UNICEF, several charity organizations have incorporated Cryptocurrencies in their donation options. Some of these groups include Epic Change, Bitgive, Code to Inspire, Water Project, Watsi, Antiwar.com, WikiLeaks, and Psychedelic Studies among others.
The use of Cryptocurrency and blockchain by charity organizations is crucial in enabling them to reach more donors. Crypto donations are easy to execute that the available tradition banking options. The new method enables the people to donate without revealing their personal details. This will encourage contribution by those who don’t like giving their personal information. Cryptocurrency also enables the organizations to reach donors in more countries.
The recent adoption of Cryptocurrencies by more organizations is beneficial to the entire industry. The new move will help in boosting the number of Cryptocurrency users around the world. Furthermore, the high number of users will be crucial in bringing stability in the sector. The move will challenge governments around the world to allow the new technology in their jurisdictions.