UNICEF to now accept donations in Cryptocurrency: 11.10,2019

अब बिटकॉइन और ईथर दान स्वीकार कर रहा यूनिसेफ

Points to Remember:

  • UNICEF will be the first UN organisation to accept and disburse donations in cryptocurrencies bitcoin and ether.
  • UNICEF will send the funds to a charitable cause in that same tender.
  • It will only leverage bitcoin and ether for short-term programs.
  • The Ethereum Foundation will be the first contributor to UNICEF’s Cryptocurrency Fund which will benefit three grantees.

What is Cryptocurrency?

  • Cryptocurrency is an internet-based medium of exchange which uses cryptographic functions to conduct financial transactions.
  • Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.
Important Possible questions based on above News:
  1. Which UN organisation will be the first to accept and disburse donations in cryptocurrencies? UNICEF
  2. The UN children’s agency, UNICEF, has now started accepting and disbursing donations through which two cryptocurrencies? ether and bitcoin
  3. In which year, the first decentralized cryptocurrency, bitcoin, was created by pseudonymous developer Satoshi Nakamoto? 2009

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