UNICEF is using a new cryptocurrency to help impoverished kids

An incredibly beautiful development has come to our notice. UNICEF and the H&M Conscious Foundation are using a new cryptocurrency, Unicoin to help disadvantaged children with access to early childhood care and education. What’s even more captivating is the fact that this collaboration of the two leading humanitarian organizations will engage kids at an early age to contribute to the social good.

UNICEF’s Early Childhood Development program, aimed at serving the impoverished children across the globe, will utilize the Unicoin campaign to expand the reach of the program.

UNICEF’s Senior Advisor Pia Britto said,

One out of three children in the developing world don’t achieve their full potential before entering the primary school due to causes linked to poverty, lack of access to learning opportunities, poor health, and malnutrition. But together we can change this by providing the most disadvantaged children with access to early childhood care and education. At UNICEF and H&M Conscious Foundation, we believe that it is possible to give every child the best possible start in life.

How does it work?

The program has been designed in such a way that it engages young children to exhibit their compassion for their fellow, poor mates while also giving them a chance to discover their talent.

Each child can submit a drawing here and a couple of lines about what they hope to become when they grow up to earn the cryptocurrency.

When a child exchanges his drawing expressing his adulthood aspirations for a Unicoin, H&M Conscious Foundation will match that Unicoin with one notebook and pencil, to be given to a poor child by the United Nations organization.

Therefore, Unicoin is also being termed as the first “charitable cryptocurrency.”

There are several other leading non-profit organizations such as Save the Children, Greenpeace and American Red Cross, who now accept Bitcoin in donations.

So, there are very constructive uses for cryptocurrency other than involvement in illegal activities. And we must spread such wonderful news as much as we can!

Image: www.unicef.org.uk

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