UNICEF started accepting donations in cryptocurrencies


Following the American Red Cross and the UN World Food Program, UNICEF decided to start accepting donations in cryptocurrencies.
Bitcoin and Ethereum can now be donated to UNICEF’s Cryptocurrency Fund, the latest in a series of efforts by aid organizations to experiment with blockchain technology. Choosing this new path gives high hopes to multiple organizations from this sphere that charitable events would become more transparent and secure.
Blockchain technology allows companies involved in charitable events to take advantage of a decentralized platform that enhances the donation process. With blockchain into place, people who choose to donate make sure they engage in a secure process and 3rd parties are avoided which increases overall speed and lowers transaction fees.
Of course, with cryptocurrencies like Bitcoin lacking a stable value, the concern of price fluctuation comes to mind. To help ease this concern, sources say that the projects that accepted cryptocurrencies as a form of payment would be short-term. This way, the risk caused by cryptocurrencies’ volatility would be reduced.
It is considered that this blockchain-based initiative comes to prepare the charitable world for the future while maintaining and improving the existing donor systems in place.
Since transparency is another great aspect for Bitcoin, people and organizations that choose this form of donating will be able to see how money is used to change things. The increased level of transparency removes the possibility of a scam.
Even if cryptocurrencies are great for charity, the large international organization would still make sure that all donations come from legal sources and those who want to donate will have to pass rigorous checks before being able to deposit funds to UNICEF.
UNICEF’s projects that accept Bitcoin and Ethereum as donations will be distributed in the same cryptocurrency, making it less likely to affect the value of the donation.
We’ve seen how the crypto fever has spread all over the world with cryptocurrencies such as Bitcoin and Ethereum being accepted as forms of payment, from local shops to big corporations and organizations such as UNICEF.

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