UNICEF accepts and disburses donations through Bitcoin

posted 9 months ago
The UN children’s agency, Unicef, announced it is accepting and disbursing donations through Bitcoin. Unicef’s new Cryptocurrency Fund is the latest in a series of efforts by aid organisations to transform charitable giving and increase financial transparency. This system offers non-profit organisations the advantage of bypassing expensive fees and middlemen traditionally required to move large amounts of cash overseas quickly. Notably, these donatios will be kept in Bitcoin and not converted into fiat.

Christopher Fabian, principal adviser at Unicef Innovation, said “We see this as a piece of learning that we need to go through to prepare for the next decade… There’s an interest in speed and efficiency, we have a good capacity to move money globally, but there’s always friction.”
Tags: bitcoin, news