UNICEF France Now Accepts Donations in Bitcoin (BTC) and Other Major Cryptos

  • UNICEF France is now accepting donations in nine major cryptocurrencies.
  • Mosques and various other charitable organizations have started accepting crypto donations.

The United Nations Children’s Fund (UNICEF) has reportedly starting accepting donations in nine major digital currencies including Bitcoin (BTC) and Bitcoin Cash (BCH). At present, only UNICEF’s office in France is accepting crypto donations.

Nine Major Cryptocurrencies Accepted

In addition to BTC and BCH, UNICEF’s French office is accepting Ethereum (ETH), Ripple (XRP), Stellar (XLM), Monero (XMR), Litecoin (LTC), Dash, and EOS. People who want to donate cryptocurrency to UNICEF France can do so by visiting their website.

Sébastien Lyon, the executive director at UNICEF France, commented on the organization’s announcement by noting:

Cryptocurrency and blockchain technology used for charitable purposes offer a new opportunity to appeal to the generosity of the public and continue to develop our operations with children in the countries of intervention.

Sébastien Lyon

Lyon also mentioned that cryptocurrencies and their underlying technology offer an innovative way to raise funds for various social causes, however, there are currently not many organizations that are harnessing their benefits.

The French UNICEF head acknowledged that there are a few communities which have started the positive trend of accepting charitable donations in cryptocurrencies. In May, the Shacklewell Lane mosque in East London announced it would accept charity in cryptocurrency.

Notably, this is not the first time that UNICEF has introduced a crypto-related initiative. In February, the New York-based humanitarian organization started a fundraising effort to help children in Syria, which has been embroiled in a violent civil war since 2011.

"Game Chaingers", "The HopePage"

UNICEF’s fundraising campaign was called “Game Chaingers” and aimed to get online video game players involved in an effort to help children suffering in Syria. In order to participate in the charitable initiative, users had to download a crypto mining app from UNICEF’s official website.

After installing the app, the users’ computing resources were used to mine Ethereum’s native token, Ether (ETH) - which went towards offering developmental assistance to children in Syria. The Game Chaingers program managed to raise 85 ETH, an amount valued at nearly $21,000 according to CryptoCompare data.

In May, UNICEF’s office in Australia began its own crypto fundraising effort by launching a website called “The HopePage.” People who visit the website can donate their computing resources in order to mine cryptocurrencies. The digital currency generated from mining is then used to help the citizens of underdeveloped countries.

Bitcoin Cash Outshines Crypto Market Rally as Avg. BTC Transaction Fees Rise

The cryptocurrency space has been witnessing a major rally in the last few days that helped bitcoin cash (BCH), a cryptocurrency created in August 2017 through a hard fork of bitcoin (BTC), surge nearly 35% in the last 30 days.

Currently, bitcoin is up by about 10.2% in the last 24-hour period, while BCH is up by 17%. This, as network activity on the flagship cryptocurrency’s network started surging. So much so that according to BitInfoCharts, the average transaction fee is currently at about $2.47.

This could be seeing various bitcoin users turn to BCH, which has 32 MB blocks to accommodate cheaper transactions and follows an on-chain scaling roadmap, and as a result cheaper transaction fees. Per the same data source, average transaction fees on the BCH blockchain are of $0.0047.

Presumably as a result, BCH is the best performing cryptocurrency in the last 24 hours. One BCH is currently trading at $363, up from $260 a month ago, according to CryptoCompare data.

Bitcoin Cash's price performance over the last 30 days

It’s worth noting that last month the cryptocurrency also outshined the wider crypto market rally with a 150% rise in 30 days. After crossing the $300 mark, however, it slowed down and soon after started falling once again.

The cryptocurrency’s price growth has seemingly been accompanied by increased adoption, as data shows BCH transactions per day are up significantly since the start of this year. Some have found, however, that a mysterious address that has been active since April 8 could be responsible for nearly half of the network’s transactions.

BCH’s current performance could also be related to its upcoming May 15 hard fork, which will see it implement Schnorr Signatures, which help optimize its blockchain by improving its capacity and SegWit recovery, which will allow BCH users to recover funds accidentally sent to SegWit addresses.

The cryptocurrency has also, earlier this year, launched an “inexpensive and powerful” tokenization system called the Simple Ledger Protocol. It allows users to launch tokens on the BCH network, in a way similar to the one in which tokens are launched on the Ethereum network.

It’s worth pointing out that while BTC’s blocks have stayed at 1 MB, the cryptocurrency’s developers have implemented SegWit and have been developing its layer-two scaling solution, the Lightning Network, which currently has a capacity of over 1,060 bitcoin ($7.8 million).