Category Archives: Binance Charity Foundation

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UNICEF Continues Crypto Advocacy, Now Accepts DAI

UNICEF Continues Crypto Advocacy, Now Accepts DAI

The United Nations International Children’s Emergency Fund (UNICEF) France has announced that it is now accepting donations in the DAI cryptocurrency. This makes it the 10th cryptocurrency it now accepts for charitable donations.

The organization seems to think that “open source explorations of blockchain” can be funded using the DAI. The latest cryptocurrency is MakerDAO’s stablecoin pegged to the USD. The funds to be collected through this channel is to be used to support open source projects through “bounties” and “funding research” for blockchain-related projects which ultimately aims at helping the “world’s most vulnerable people”.

UNICEF’s Ventures Fund invests in “frontier technologies” and how they could be used to solve “humanity’s greatest challenges” It currently considers the emergence of blockchain technology as “new systems of trust and exchange on which users can send value directly from one party to another without the need for intermediaries”.

Etherscan.io reveals that the DAI wallet address is about 12 days old and a few contributions totaling DAI 116.2 (about USD 116.7) at press time have been made with the latest contribution being two days old.

The UNICEF organization in France began accepting cryptocurrency donations in 2018 to facilitate the link between emerging technology and charitable causes.

The adoption pattern for cryptocurrencies as both a store and exchange of value may not happen as sporadically as most people expect. However, with reputable industries considering blockchain as alternate means to crowdfund leveraging on the perks of decentralization and trustlessness, the current pace is a steady and evolving transition.

With the likes of UNICEF, blockchain has once again been taken outside the confines of the fintech niche and brought into the regular day-to-day affairs of those who would one day be adopters of this looming technological revolution.

Trusting a developing multi-billion-dollar market, UNICEF sure sees the new technology as an opportunity do much more than virtual trading and speculative analysis. Director of UNICEF France Sébastien Lyon stated in the past: “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.”

Prior to this news, other developments made by UNICEF around the blockchain industry included the addition of nine popular digital currencies to its website donation portal and a USD 100,000 funding across six blockchain startups.

Other companies are contributing their quota to extend charity through blockchain initiatives. Binance Charity Foundation (BFS) is another active portal that seeks the furtherance of UN Sustainable Development Goals (SDGs).

 

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Binance CEO Displays Christmas Optimism

Binance CEO Displays Christmas Optimism

The CEO of Binance, the world’s biggest cryptocurrency exchange, has continued with his optimistic slant for the company as the new year approaches.

Terming 2018 as the “year of correction”, Changpeng Zhao is maintaining that current prices are a real boon for investors and this fact along with the increasing volume of DLT applications being produced by developers will push the adoption of cryptocurrencies even further forward in 2019.

Zhao sees worldwide regulation of blockchain cryptocurrency space as a positive claiming that this has been long overdue. He maintains the correct legislation will have the effect of promoting and encouraging the industry rather than slowing down growth.

The company has led from the front ending the year with some major projects., particularly since the launch of its labs program. Binance Labs, the venture wing of the largest cryptocurrency exchange, supports new blockchain startups and cryptocurrency projects through technical assistance and direct investment. Binance describes the project as an initiative to incubate, invest, and empower blockchain and cryptocurrency entrepreneurs, projects, and communities.

The initiative to support early-stage blockchain projects has already yielded results, with right projects emerging from the program.

Zhang has also revealed that Binance Labs will launch new incubator programs in Berlin, Buenos Aires, Lagos, Singapore, and Hong Kong from March 2019, offering the same 10-week course. Regarding the inclusion of Buenos Aires and Lagos, Zhang commented:

“Those two emerging markets have native blockchain and crypto use cases. So we hope to find teams solving local problems like payments, the instability of local currencies, or remittance problems.”

Even today at this late stage of the year, Christmas has been put on hold although clearly represented with Zhang announcing that the Binance Charity Foundation, the exchange’s philanthropic arm, had launched a blockchain powered charity project to support youth in Malta. This project will support terminally ill patients and disadvantaged children in Malta and Gozo.

 

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