Bitcoin with other altcoins will now help dying children of Syria and other underdeveloped parts of Asia. It's a great news that UNICEF France has started accepting donations in cryptocurrency. Majorly 9 cryptocurrencies are accepted, that are Bitcoin, Ethereum, Ripple, Bitcoin cash, Stellar, EOS, Litecoin, Monreo, and Dash on their websites. Donors can also help UNICEF by donating their computing power in mining of 6 out of 9 cryptocurrencies directly to the UNICEF wallet because 3 cryptos like Ripple, EOS, and Stellar cannot be mined.
Accepting electronic currency in donation can be helpful for donors too, those want to remain anonymous. This will also be an added advantage in fast transactions against the donation received through conventional methods and directly helping UNICEF in swiftly, actively, and fast passing the care to the needy children around the globe.
The concept of accepting cryptocurrencies in donation was started by UNICEF Australia in April. And the chances of these getting hacked are very low because I am sure no hacker would like to steal the needy children help.
ADVANTAGE
If we look the other aspect of this time then it's a Win-Win situation for all the Crypto lovers since:
Firstly, crypto will be used for the wellbeing genuinely for first time. There are lots of donation platform on internet which are scams but UNICEF is a platform where we can trust blindfoldly and can have peace of mind about genuine use of donations.
Secondly, if we talk about business aspect then too it's a good news that cryptocurrency is accepted by such a renowned institution will only make its base robust and will be the answer to the critics who thinks that crypto is a bubble and will get burst one day. This would also help in recouping the already shattered crypto market as trust factor of millions who believe in UNICEF will come to play!
Please suggest your views too about the development!