More Nonprofits Are Considering Cryptocurrency as Part of Their Strategies

Since cryptocurrency came into existence, many industries have entered the race as either investors, users or have accepted it as a form of payment by their customers. Owing to the reception of cryptocurrency as a method of payment by many industries and individuals, more nonprofits are now exploring the possibility of using this method in their strategies. UNICEF is one of the nonprofits that can now receive, keep and disburse digital currency through its UNICEF Cryptocurrency Fund which was launched a few months ago. With a vast knowledge in blockchain, UNICEF will also adopt other cryptocurrencies such as Bitcoin and Ether in funding its activities to benefit children and young people.

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Cryptocurrency in nonprofits

New technologies emerge on almost a daily basis. This includes those that focus on digital identity, elections, healthcare, mobile payments and others. With this advancement in technology also comes the need for organizations to adopt new strategies and new ways of doing things. Just like other businesses, nonprofits must continue to grow technologically by incorporating new innovations in their operations and exploring the opportunities that come their way.

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