UNICEF France Accepts Donations in 9 Cryptocurrencies

UNICEF France Accepts Donations in 9 Cryptocurrencies

UNICEF Accepts Crypto Donations in France

UNICEF France has announced it’s now accepting donations in 9 cryptocurrencies, according to a press release published by French media. The local office of the organization collects contributions in some of the most widely known digital coins, including bitcoin cash (BCH), bitcoin core (BTC), ethereum (ETH), litecoin (LTC), ripple (XRP), eos (EOS), monero (XMR), dash (DASH), and stellar (XLM).

Donations in all supported cryptos are currently accepted directly through the website of the French branch, the Cryptonaute outlet reported. Commenting on the announcement, the director of UNICEF France, Sébastien Lyon stated:

Cryptocurrency and blockchain technology used for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.

The UNICEF official pointed out that cryptocurrencies and crypto technologies represent an innovation in fundraising for solidarity but are still employed by few organizations in the field. At the same time, he noted the positive trend in regards to the spread of cryptocurrency donations.

 

Announcement Follows Two Successful Crypto Campaigns

This isn’t the first crypto-related initiative of the United Nations Children’s Fund. In February, UNICEF launched a fundraising program to collect funds needed for the protection of the children suffering from the civil war in Syria.

UNICEF France Accepts Donations in 9 CryptocurrenciesThe campaign called “Game Chaingers” was targeting computer gamers. Participants had to download and install a special mining software application from the organization’s website. Their PCs were then used to mine ethereum for the program.

Later, in May UNICEF Australia started a similar campaign through a dedicated website called “The Hopepage”. Visitors are asked to share some of their computing power to mine and donate cryptocurrency by simply opening the page and consenting to their devices being used to process crypto transactions while surfing the internet.

As of the time of writing, more than 22,000 people are currently mining and donating cryptocurrency via the platform set up by the Australian office of the UN agency.

 

No Comments

Post A Comment

What is a Utility Token?

 

Utility tokens are simply app coins or user tokens. They enable future access to the products or services offered by a company. Therefore, utility tokens are not created to be an investment.

 

Just like an electronics dealer might accept orders for a video game that will be released several months later, a startup can create utility tokens and sell digital coupons for the services or products it is developing.

What is a Security Token?

 

A security token is a digital asset that derives its value from an external asset that can be traded. Therefore, these tokens are subject to federal laws that govern securities. Failure to comply with these regulations could result in severe consequences including penalties and potential derailment of the development of a project.

 

Security tokens can offer a vast array of applications if the startup abides by all the regulatory requirements. The most promising of these features is the ability to offer tokens as a digital representation of shares of a company’s stock.