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Unicef introduces charitable cryptocurrency Unicoin
Howard Lake | 13 July 2015 | News
Unicef has created Unicoin, a new currency, that aims to help children help other children around the world to access learning opportunities from an early age. Unicef describes it as “the first currency dedicated to do good”.
There is only one way to get hold of a Unicoin. You have to create and share a drawing at unicoins.org. Children can upload their drawing and accompany it with some text about what they hope to achieve in live. In return they receive a Unicoin.
Similarly, there is only one way to spend it – on educational supplies for disadvantaged children benefiting from Unicef’s Early Childhood Development programmes.
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The initial production of 20,000 Unicoins has already been used, so the campaign has ended. But Unicef is encouraging people who wish to support their work to share details of the campaign with the #Unicoin hashtag.
H&M Conscious Foundation
The Unicoin digital currency has been developed by Unicef in partnership with H&M Conscious Foundation. Unicoin is part of the Global Programme for Education to which H&M will donate $3.9 million over the next three years.
* Find out how other charities are benefiting from a cryptocurrency like Bitcoin.
- Bitwalking and Nokia launch first digital currency charity walk (12 October 2016)
- WannaCry and ransomware: how to keep your charity safe (15 May 2017)
- How Bitcoin is changing the face of non-profits (9 January 2015)
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.