UNICEF is a globally recognized nonprofit organization. It too decided to jump on the crypto donation bandwagon, courtesy of The Giving Block.
More and more nonprofits see merit in accepting bitcoin donations.
That decision is straightforward, as it is one of a handful of global currencies.
More importantly, the cryptocurrency community is widely considered to be a generous one where good causes are concerned.
In the case of UNICEF, their acceptance of bitcoin donations began some time ago.
An important change was made in recent months, however.
As of October 2019, UNICEF confirmed it will hold bitcoin donations in BTC, rather than converting them to fiat currencies.
This decision is part of UNICEF’s big plan.
The nonprofit aims to distribute crypto donations to open source tech projects.
By embracing cryptocurrency grants, the organization sets an interesting precedent for others to follow.
It is very interesting to see how UNICEF approaches bitcoin and altcoins.
Most nonprofits want tog et rid of cryptocurrency as soon as possible in favor of fiat currencies.
This is why so many organizations rely on BitPay, as it has a built-in conversion service.
The Giving Block does things a bit differently, and it supports the top alternative currencies as well.
If successful, UNICEF will raise $25 million in cryptocurrency grants.
Their main focus lies on bitcoin and ether.
Polymarket is expanding its prediction market ecosystem via Nasdaq Private Market, a union between well-known…
INK, A Layer-2 blockchain backed by Kraken, is building out its oracle infrastructure by announcing…
Almost nine months of silence have come to an end as Pump.fun has fired up…
ZachXBT, a well-known on-chain forensic investigator, is ramping up his efforts against alleged price market…
An early Ethereum whale is making headlines again after re-entering the market following a major…
The synthetic dollar race just took a decisive turn. Ethena Labs has officially expanded its…