Stellar And Other Crypto Are Now Accepted By UNICEF - Stellar (XLM) News. Sunday, September 23
Stellar and other cryptocurrencies are now accepted for donations by the UNICEF
The humanitarian agency welcomes the crypto technology
A variety of cryptocurrencies are now accepted as donation methods by the French division of the United Nations Children’s Fund (UNICEF), according to an announcement via its official webpage. The Paris-based humanitarian agency embraced the potential of digital coins following a successful fundraising campaign that started early this year.
GameChaingers – given name to the aforementioned humanitarian fundraiser – began in February, 2018 as the first fund-raising campaign of this kind, solely focused on crypto assets, specifically, Ethereum. Assistants to the event, which were known as Gamers, were encouraged to rent out hash power from several graphic cards available at the moment to mine Ethereum, as if they were part of a mining pool, but locally.
Part of the ethers mined were used to partially finance various charity projects the organization was developing in Syria.
The success of this crypto fundraiser has led the French branch of the humanitarian agency to expand its portfolio, so well-wishers and other individuals looking to donate for their cause can now do it not only in Ethereum, but in eight more cryptocurrencies – these being Bitcoin, Bitcoin Cash, Ripple, Litecoin, Dash, Monero, EOS, and Stellar. The latter’s Twitter account for the blockchain project’s Reddit made echo of this news. “UNICEF France now accepts donations in Cryptocurrencies including stellar! via /r/Stellar #xlm #stellar https://ift.tt/2xuslGp” it said.
People can also donate to their charity project in other crypto-related way, though. If the cryptocurrency is minable, they can donate their hash power to mine that coin. Logically, this modality exclude those non-minable assets such as EOS, Ripple and Stellar.
The Executive Director of UNICEF France, Sébastien Lyon, stated that cryptocurrencies and blockchain technology have allowed them reach potential donors who were unable to contribute to their charity in other ways. “It is an innovation in terms of solidarity and fundraising that we are still few to propose, but which tends to become more democratic,” he said.
Follow TokenTops on Twitter to stay notified about new articles, cryptocurrency news, ICO announcements and price predictions and analysis.
Legal Disclaimer: Please remember that trading, buying or any other type of investing in cryptocurrencies should be consider risky and may lead to the loss of all of the invested money. For further information visit Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decisions. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage, or inconvenience caused as a result of reliance on information published on, or linked to, from tokentops.com. We believe that everyone should make their own and in depth research on the particular topic in various sources before making any financial decision and this person should be the only one responsible for the outcome. Our writers do their best to remain unbiased and don't actively support any project. The research is done with various sources, the predictions are based on own believes, analytical skills, experts and community discussions and is intended to convey general information only.
You may also like
Stellar XLM Soars Following Coinbase Affirmation Over Interest On XLM Listing
Stellar Price: Lumens (XLM) Down By Nearly 10%, What Will It Take To Push The Bears Out?
Stellar Price: XLM Testing $0.25 Position While Receiving Support On Yet Another Wallet
What Is Stellar Starlight And Why It Has Been Developed?
Stellar (XLM) Price Analysis: Bulls Need Discipline To Bounce Up
Stellar (XLM) Price Analysis: Looking Better Than Ripple, XLM Surges By 4%
You need to login to create comments.