UNICEF Cryptocurrency Fund Makes Its Biggest Investment Ever

Today eight technology companies from seven different developing countries will accept Ethereum cryptocurrency investments from the UNICEF Cryptocurrency Fund.

UNICEF-owned crypto-capable investments have given these companies 125 ETH, worth around $28,600. To be used in upgrading or prototyping their respective technologies over the next six months. Companies that receive this investment have received as much as $100,000 in fiat currency from the UNICEF Innovation Fund.

One such company, Afinidata, offers educational content to parents with young children. Another, Cireha, is building a communication system for children with speech or language impairments to use in the offline world. This is a company with a mission, and UNICEF is giving them some of the momentum that allows cryptocurrencies to take that mission further.

We see the digital world coming to us faster than we could ever imagine and UNICEF should be able to use all the tools of this new world to help the children of today and tomorrow,” say UNICEF Ventures co-lead, Chris Fabian in a statement. “Transferring these funds to eight companies in seven countries around the world took less than 20 minutes and cost us less than $20. Almost instant movement of global value, costs less than 0.00009% of the total amount transferred. Real-time transparency for our donors and supporters is the kind of tool we love.

Because UNICEF is the United Nations organization that protects the welfare of children around the world, UNICEF is simultaneously working for a better future.

When organizations distribute money to technology companies around the world. It should be noted that blockchain technology seems to fit into his plans for the future.

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