Bitcoin News

UNICEF To Give Eight Companies 128ETH

Bitcoin News

UNICEF is preparing to give eight companies 125ETH. The eight companies hail from seven different emergent economies, and they all have a background in the technology niche. The companies will receive an Ethereum investment from the UNICEF Crypto Fund. 

UNICEF’s crypto-enabled investment program is making sure these companies have access to 125 ETH, which is worth approximately $28,600 as at press time. The idea is that the funds will help in scaling or prototyping their respective technologies in the next few months. Each of the tech companies receiving the crypto funds has previously received more than $100,000 in fiat currency from the organization. 

Afinidata is one of the companies benefiting from the fund. The company provides educational content to young parents with kids. Cireha is another company benefiting from the UNICEF fund. The company creates communication systems for kids with impairments. All of these companies come with a specific mission, and UNICEF is doing all that it can to ensure the missions are brought to life.

“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,” said UNICEF Ventures co-lead Chris Fabian in a statement. “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 the 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.”

The UNICEF Objective

The primary objective of UNICEF is to protect the wellbeing of kids all over the world. Overall, UNICEF is part of the UN, and it is centered on a better future for kids across the globe. As the organization is giving funds to tech companies globally, one should remember that blockchain tech is a technology for now and the future. 


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