It is expected that eight startups – active in the technical field and hailing from seven different countries – will receive investments from the UNICEF Cryptocurrency Fund, and the organization has chosen to pay them in Ethereum.

125 Ethereum dedicated to childhood growth and development:

The start-ups will receive an investment from the UNICEF Cryptocurrency Fund of 125 Ethereum, currently estimated at $28,600, and these companies will be able to use this investment in the process of modeling or scaling their technologies for the next six months.

Besides investing Ethereum, companies that received this investment will receive up to $100,000 in fiat currency, and they will get this amount from the UNICEF Innovation Fund.

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Among these startups is Afinidata, which strives to provide educational content for parents as well as a dedicated program for young children.

Cireha, another company that has benefited from the investment from the UNICEF Investment Fund, is prioritizing the development of communication systems that can be used by children with language or speech impairments, with a focus on systems that allow offline use.

UNICEF has made investment for these companies in keeping with their mission, and it is expected that these companies will move forward with the help of the investments made.

The new digital age is coming:

to speak out Chris Fabian, Co-Chair of UNICEF Ventures, made a statement on the issue as a whole, explaining that the digital world is developing much faster than anyone could have imagined, and UNICEF must use all the tools available with these new innovations to help the children of today and tomorrow.

He explained that they were able to transfer Ethereum to these eight companies across seven countries, in less than 20 minutes.

The financial transfer cost for this transaction was less than $20.

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Fabian highlighted the fact that they were able to make a rapid financial movement across several different regions of the world, doing so for less than 0.00009% of the value of the transaction itself.

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Fabian highlighted real-time transparency when it comes to donors and proponents of these tools.

Give priority to children:

UNICEF stands as a United Nations organization, dedicated to protecting the well-being of children around the world.

Besides, the organization is dedicated to innovation for a better future.

The organization distributes the money itself to various technology companies around the world, and it is worth noting the suitability of blockchain technology to what UNICEF is doing.

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