It is being reported by BitcoinNews that United Nations International Children’s Emergency Fund (UNICEF) France has announced that they will be accepting donations of a new cryptocurrency, stablecoin DAI, in addition to the 9 others previously announced.
UNICEF feels that new digital asset technologies, such as blockchain, can significantly help with the effort of getting aid to the most vulnerable of populations. Sébastien Lyon, Director of UNICEF France, is quoted in the article:
“Cryptocurrency and blockchain technology used for charitable purposes offers a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.”
DAI is a stablecoin that, unlike Tether and others, exists as an ERC20 on the Ethereum blockchain and was developed by crypto company Maker. It has no central supply and is created out of smart contracts, meaning that it has no central point of failure.
The stablecoin joins a list of 9 other cryptocurrencies that UNICEF France has announced it will accept, including Bitcoin, Ethereum, Bitcoin Cash and Monero. This does however mark the first stablecoin to be accepted.
It is great to see crypto being used to help those in need worldwide, and hopefully UNICEF will continue to explore innovative blockchain solutions while accepting ever more forms of digital payment.