The United Nations Children’s Fund, or what it stands for in short, “UNICEF” since its inception in 1946, and it relies on subsidies and donations to care for children.

announced The United Nations announced that UNICEF will accept donations in cryptocurrency starting October 9.

It was noted that the only cryptocurrencies currently available to receive donations are Bitcoin (BTC) and Ethereum (ETH).

The announcement was also accompanied by the launch of UNICEF’s Cryptocurrency Fund to sponsor open source technologies that will be available to children and youth in need around the world.

The design of UNICEF’s Cryptocurrency Fund will allow the donations it receives to remain in digital form, transferred and spent in the same cryptocurrency.

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UNICEF Executive Director Henrietta Fore described the latest developments as a new and exciting journey for the organization.

As an excerpt from her speech she gave, which came as follows:

If currencies and digital economies have the potential to benefit future generations and shape their lives

UNICEF should research and study the opportunities it offers.

In her statement, Fore added that the organization’s decision to start and establish a cryptocurrency fund is an important step in the field of humanitarian work and development.

The first contribution from the Ethereum Foundation:

UNICEF will receive the first contribution to the fund it created from the Ethereum Foundation.

The Ethereum Foundation is a non-profit organization dedicated to supporting the Ethereum platform as well as open source digital platforms and systems

It relies on blockchain technologies and research on it and has chosen to support the new fund set up by UNICEF.

Ms. Aya Miyaguchi, Executive Director of the Ethereum Foundation stated that the latest project launched by UNICEF is an opportunity to demonstrate the power of Ethereum and the sophistication of blockchain technology.

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Miyaguchi said the Ethereum Foundation aims to support research and understanding of the structure of Ethereum and to increase communities that can benefit from a growing technology that has the potential to improve countless lives and industries for the long haul.

UNICEF confirmed other plans to work on blockchain technologies led by the United Nations Innovation Network.

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