There are eight tech firms from seven distinctive new economies that will receive an investment of Ethereum digital money from the UNICEF Cryptocurrency Fund.
The UNICEF investment funding organization gave these companies 125 ETHs worth around $ 28,600 to be used to improve or prototype relevant technology over the next six months. The companies that received this investment have received $100,000 in foreign currency from the UNICEF Innovation Fund.
One of the organizations, Afinidata, proposes educational material to guardians with little youngsters. Cireha, another company that received the fund, manufactures communication devices for kids with discourse or language hindrances to use in the disconnected world. These are organizations with a strategic, UNICEF is giving them some cryptographic money empowered energy to convey that crucial forward.
“We are seeing the digital world come at us more quickly than we could have imagined – and UNICEF must be able to use all of the tools of this new world to help children today and tomorrow,” said UNICEF Ventures co-lead Chris Fabian in a statement.
“The transfer of these funds – to eight companies in seven countries around the world – took less than 20 minutes and cost us less than $20. An almost instant global movement of the value, fees of less than 0.00009% of the total amount transferred, and real-time transparency for our donors and supporters are the types of tools we are excited about.”
Because UNICEF is a UN organization that protects the welfare of children throughout the world, UNICEF is also committed to a better future. When organizations distribute money to technology companies throughout the world, it should be noted that blockchain technology seems to be very compatible with their future plans.