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UNICEF Considering Its Own ICO

UNICEF Considering Its Own ICO

No goal is more noble than helping the children in need around the world. Children bear the brunt of conflict, climate phenomena and poverty. They are also the future of human kind, so making sure they have all the resources needed to succeed, is probably the best way there is to build a better future. However, aid delivery to this highly vulnerable yet crucial segment of the world population, is mired in corruption, political strife and the interests of greedy parties. Fortunately, the world of cryptocurrency can offer a solution, and UNICEF, the UN body in charge of delivering aid to children, is jumping on the cryptocurrency bandwagon.

UNICEF Ventures and Smart Contracts 

Besides the transparency that cryptocurrencies bring to international aid endeavors, they can also reduce the cost of aid delivery and can help the efforts be more practical. In a world in which internet access is becoming ubiquitous, it makes sense for an agency like UNICEF to consider cryptocurrencies, especially of they have smart contracts to back them up. This is precisely what UNICEF Ventures is interested in.

Singularity Hub

[https://singularityhub.com/2017/09/03/the-united-nations-and-the-ethereum-blockchain/?utm_content=buffer3465c&utm_medium=social&utm_source=googleplus-su&utm_campaign=buffer]

recently reported that this branch, which is “dedicated to improving the organization’s ability to move funds”, is considering the technology.

UN Aid Agencies Paving the Way for UNICEF

The same article on Singularity Hub shows how other UN aid agencies are already using cryptocurrencies and smart contract platforms to deliver aid to those in need. The article sustains that the UN’s World Food Program already delivered Ethereum-powered food vouchers to Syrian refugees in Jordan.

These vouchers help the UN with the following:

  • They keep aid delivery costs low because less personnel are required to deliver the aid.
  • Improves transparency, because aid can be verifiably delivered to the people in need.
  • Reduces corruption, because no one can ‘massage numbers’ on a public, open blockchain.

Children Could Benefit Twice from Cryptocurrency-Powered Aid Delivery  

In the case of UNICEF, there might be some additional benefits to delivering cryptocurrency-powered aid to children. Most children in need of aid have poor access to education. Some of them have no access to formal education for long periods of time, which perpetuates poverty. If children get aid in the form of cryptocurrency, or on the back of a smart contract, it gives UNICEF a unique opportunity to educate them about this new technology. This can spark their imagination in many ways, and can at least show them a skill that can become critical in the future.

UNICEF’s Unique Opportunity

Therefore, if UNICEF launches its own ICO, and it structures it properly, it could multiply the benefits it delivers to the children it takes care of. There is no doubt that this effort would require a deep-rooted change in the way the organization works and a change in its relationship with its donors, but this is a great opportunity that UNICEF should take advantage of. ICO markets are hot, and UNICEF might find a new crop of donors among philanthropic cryptocurrency enthusiasts, who would like to see a brighter future ahead, for those on which the future of the world depends.

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As it grows, how much ground will XRP cover next year?

As it grows, how much ground will XRP cover next year?

Quick take

1 minute read

  • Is 2021 XRP’s year?
  • How adoption will result in the success of the token.

Timothy Peterson, the well-known advocate for bitcoin and manager of global macro, believes that the San Francisco-based XRP token will have its best year in 2021 since 2017. 

As previously reported earlier this week, Peterson has recently said:

“I know it doesn’t look like much but this is $XRP lowest price forward. I think people will be surprised at $Ripple’s performance in 2021. It will probably have its best year since 2017 and maybe outperform #Bitcoin.”

As many people will already be aware, the success for ripple and its token will all depend on adoption by financial institutions. They have developed numerous new products such as rippleX in order to help facilitate a seamless transaction on the decentralised ecosystem for the network. But for the tokens targeted market, only 2% of financial institutions are actually willing to use it.

The Chief Technical Officer of Ripple, David Schwartz has previously said that there are numerous obstacles that prevent adoption for the token some of which include problems with regulation. That being said, well-known traders and investors at Galaxy trading have said that the asset is proven to be resilient.

“Although it is perhaps one of the most disliked projects, it has more than once shown its aggressive nature at a time when no one is expecting it.”

They see that the coin is capable of sparking by 10 times its current price as they say:

“We believe that this moment is very close and since catching the exact bottom is something very unpredictable, our advice to all who want to invest is to start buying at these “golden” levels of support where 10X can become a reality.”

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

The benefits of Ethereum 2.0 will come sooner rather than later according to Vitalik Buterin

Quick take

1 minute read

  • Vitalik Buterin, has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. 
  • The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. 

Vitalik Buterin, the co-founder of one of the biggest crypto projects in the industry known as Ethereum has recently answered a number of questions from the community as a part of a “ask me anything“ session on Reddit. The co-founder highlighted many different topics but specifically said that he expects some significant and noticeable network improvements to come for the project sooner rather than later. He further said:

“TLDR: merge happens faster, PoS happens faster, you get your juicy 100k TPS faster.”

Over the years, the network for Ethereum has experienced some significant rounds of high congestion. Three years ago in 2017, the popular CryptoKitties game slowed down the network massively but with the decentralised finance space growing rapidly, the network has been seriously clogged up.

As a result of this, it has led to high fees and longer than average confirmation times.

With Ethereum 2.0 very much just around the corner, there is a significant scaling upgrade solution that is supposedly going to speed up the network rapidly. This will increase the number of transactions per second and it will also move the blockchain to a different consensus algorithm known as a proof of stake. Phase 0 for the upgrade is set to occur on the 1st of December in two weeks!

The co-founder further went on to say that “all of these changes are designed to decrease the time until eth2 becomes useful to people.” 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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The second richest man in Mexico invest 10% of his portfolio into BTC

The second richest man in Mexico invest 10% of his portfolio into BTC

Quick take

1 minute read

  • Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. 
  • It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. 

Ricardo Salinas Pliego is the second wealthiest businessman in Mexico and the 166th richest man in the world. It was recently announced last week that he has invested 10% of his liquid portfolio into the leading cryptocurrency, bitcoin. This came after he shared a video throwing huge amounts of paper money into the garbage. Not only does it show how worthless the government-issued cash is in today’s world but it also shows how important digital assets such as bitcoin could become.

Furthermore, the video indicates the hyperinflation and how bad it got in Venezuela.

Ricardo is worth more than $11 billion at the time of writing and is the only billionaire from Mexico who seems to have benefited from the coronavirus pandemic and the economic crisis that has come as a result.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Coinbase co-founder, Fred Ehrsam set to join Fireblocks as a member of the board

Quick Take

1 minute read

  • Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. 
  • It was announced last week that Fred would be joining the board following a recent round of funding.

Fred Ehrsam, the co-founder of the crypto platform known as Coinbase is getting ready to join the digital asset security platform Fireblocks. It was announced last week that Fred would be joining the board following a recent round of funding.

The co-founder of the well-known crypto platform is getting ready to join the company as a board member following a $30 million funding ground to help expand its operations on an international level.

Throughout 2020, Fireblocks has launched a secure asset transfer network which would allow more institutions to efficiently transfer assets on chain. And on top of this, the platform also announced that it has seen more than $150 billion in transferred assets over the course of the past year. Fred has said:

“Fireblocks has become the go-to for any business looking to build new digital asset operations or scale existing ones… The extraordinary growth of the Fireblocks Network and its team in the last year attests to the enormous value they have unlocked for enterprise and institutional customers.”

 

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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