1 August 2026
UNICEF Will Hugely Invest In Startup Through Its Cryptocurrency Funds
UNICEF Cryptocurrency Fund will invest Ethereum cryptocurrency in eight technology companies from seven different emergent economies.
UNICEF has decided to provide the 125 ETH worth approximately $28,600 from its Cryptocurrency Fund so that companies can use the funds for scaling or prototyping their respective technologies over the next six months. Companies receiving this investment have already got $100,000 in fiat currency from UNICEF’s Innovation Fund.
One of the companies, Afinidata provides content related to education to parents with young children while another company Cireha develops communication systems for children with speech or language impairments to use in the offline world. UNICEF believes that such companies have missions and giving them some cryptocurrency-enabled momentum will help to carry on their mission successfully.
UNICEF Ventures co-lead Chris Fabian said, “We are seeing the digital world come at us more quickly than we could have imagined – and UNICEF must be able to use all of the tools of this new world to help children today and tomorrow.”
He further added that “The transfer of these funds – to eight companies in seven countries around the world – took less than 20 minutes and cost us less than $20. Almost instant global movement of value, fees of less than 0.00009% of the total amount transferred, and real-time transparency for our donors and supporters are the types of tools we are excited about.”
UNICEF is a United Nations organization that looks after the wellbeing of children around the world, it also works for a better future. As the organization is giving money to tech companies all around the world it seems that blockchain technology will be included in future plans.
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