This is some big news that has mostly gone unnoticed...
UNICEF announced that they will be accepting cryptocurrency donations.
No big deal right?
Lots of places are accepting crypto these days only to use some third party currency converter to immediately exchange them for fiat.
Well, UNICEF won't be one of those.
According to the news report released yesterday, UNICEF will be holding all crypto donations in their donated form and not converting them to fiat or other cryptocurrencies.
This is quietly a very big deal
I mean does it really help bitcoin adoption if your favorite store accepts bitcoin only to have it converted to fiat dollars before it ever actually hits their register?
I mean it helps, sure, but overall we really want these things to be accepted and held and then used again by the ones accepting it.
Creating an actual monetary system/network in the process.
Well that is exactly how things will go with the new crypto fund announced by UNICEF.
UNICEF will only be accepting bitcoin and ether to start with.
That is no surprise as those are the two most valuable and most liquid of any crytocurrency out there.
Not only are they accepting crypto donations, they will also be distributing out the same crypto without converting it or exchanging it for something else first.
UNICEF says these are truly global currencies and some of the few that can transcend borders easily.
More from the news release can be seen here:
Stay informed my friends.