UNICEF now accepts Bitcoin and Ether cryptocurrencies as donations

United Nations charity UNICEF now accepts Bitcoin and Ether cryptocurrencies.

Published Oct 9, 2019 11:09 PM CDT   |   Updated Tue, Nov 3 2020 11:46 AM CST
0 minutes & 43 seconds read time

UNICEF now accepts donations made in both Bitcoin and Ether, with the United Nations charity now accepting both cryptocurrencies moving forward -- and is the first UN organization to accept crypto.

UNICEF now accepts Bitcoin and Ether cryptocurrencies as donations | TweakTown.com

There are no fees when donating cryptocurrency to UNICEF, which will be a plus for donors who would traditionally pay fees with other payment methods. UNICEF won't be cashing out its cryptocurrency holdings and making money at the top like traders and HODLers do, but will instead keep the Bitcoin or Ether, or send it as funds to a charity for them to use.

By using cryptocurrencies in Bitcoin and Ether it will see UNICEF being transparent with its transactions, and it will also see charities receiving more of the donations it receives without taking percentages away in normal transaction fees.

Cryptocurrency values swing like a pendulum sometimes, so UNICEF will only use the crypto donations in short-term programs. This will see the UN organization using cryptocurrency payments for short-term programs that will provide mosquito nets to prevent ebola and other viruses, or food and water supplies to famine-struck areas.

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Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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