UNICEF France announces the addition of DAI to its accepted cryptocurrencies

09 Jan, 2019
by David Borman
News
UNICEF France announces the addition of DAI to its accepted cryptocurrencies

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.

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i am not doubting in DAI token however there is one much more reliable stablecoin on the market that also has much more trust from traders which is tether. do not understand why UNICEF decided to use DAI over tether
06 Feb, 2019 - 09:51
i definitely agree that much more logic decision for UNICEF was to announce addition of tether that is dominant at stablecoin market
12 Feb, 2019 - 15:14
UNICEF should be aware that a lot of the stablecoins are nowdays very dangerous assets to invest in or partner with. i think DAI has some problems as well as USDC and Gemini tokens
19 Feb, 2019 - 16:20

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