Bearish markets in cryptocurrencies have created issues for traders. However, when it comes to crypto adoption, the situation doesn’t seem as bleak. Recently, a United Nations agency paved the way for cryptocurrencies. The French office of the United Nations Children’s Fund (UNICEF) has now started accepting donations in digital currencies. A total of nine cryptocurrencies will be accepted by the office, including Bitcoin and Bitcoin Cash. UNICEF already runs several crypto-related initiatives.
French Media Breaks the News
UNICEF France published a press release recently that details its new plans of accepting cryptocurrency donations. The story was carried by French media, which informed people that the office would now collect donations in Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), EOS (EOS), Monero (XMR), Dash (DASH) and Stellar Lumens (XLM).
The website of agency’s French branch will collect the donations. Director of UNICEF France Sébastien Lyon commented on the change, saying:
“Cryptocurrency and blockchain technology used for charitable purposes offers a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.”
He also said that only a few organizations had taken advantage of cryptocurrencies in this field but noted that positive trends are developing toward the use of cryptocurrency for donations.
UNICEF’s Previous Crypto Campaigns
UNICEF holds some previous experience with crypto. In February this year, it launched a campaign called “Game Chaingers” to raise funds for the protection of children who are suffering from the consequences of civil war in Syria.
The program was directed at gamers, who had to download and install a mining software application from UNICEF’s website. The application would then mine Ethereum coins to fund the agency’s activities. It was one of the most groundbreaking uses of digital currencies by an organization like UNICEF.
In May, the agency’s Australia office also started a similar campaign. It created a website called “The Hopepage,” where users were asked to donate some of their computing power to mine digital currencies. The users could continue surfing the Internet while the website made use of valuable computing resources to generate digital currencies. The coins generated thereof would be donated to the agency’s causes. Currently, over 22,000 people have mined and donated digital currencies via the website.
UNICEF French Office Starts Accepting Donations in Cryptocurrencies was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.