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UNICEF now accepts Bitcoin and Ether cryptocurrencies as donations

United Nations charity UNICEF now accepts Bitcoin and Ether cryptocurrencies

By Anthony Garreffa | Oct 9, 2019 11:09 pm CDT

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.

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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 Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games to be built around consoles. With 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 high-end, custom-built PCs. His addiction to GPU technology is unwavering, and with next-gen NVIDIA GPUs about to launch alongside 4K 144Hz HDR G-Sync gaming monitors and BFGDs (65-inch 4K 120Hz HDR G-Sync TVs) there has never been a time to be more excited about technology.

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