For supporting Ukraine in its ongoing war with Russia, Unicef has received donations of over $2.5 million in crypto. Binance Charity Foundation has announced the donation for United Nations Children’s Fund (Unicef).
The charity foundation has donated $2.5 million in crypto in the fund for supporting humanitarian efforts in Ukraine. In fact, the organization had released the statement saying:
“Humanitarian needs are increasing by the hour. Many children are profoundly traumatized by the violence all around them. Hundreds of thousands of people are on the move, and family members have been separated from their loved ones.”
Unicef has noted that the goal of these funds is to reach every child in need of protection. There are about 7.5 million children.
As of now, Unicef is focusing on ensuring access to safe water and healthcare, including in areas close to the line of conflict. Also, the fund is in touch with local authorities for providing help to families in need as well as child protection services.
Carla Hadid Mardini, Director of Unicef’s Private Fundraising and Partnerships Division in Geneva said:
“We rely on the generosity and support of the global business community to help Unicef and our partners reach those children and their families whose lives and futures hang in the balance.”
Besides this, Binance pledged $10 million in donations for the Ukrainian people. Moreover, the world’s largest crypto exchange is also working with Unicef through its Luxembourg Committee.
Unicef has supported the use of crypto as a means of donation before. In fact, in 2019, the organization had launched its first crypto fund. With this, it became the first U.N. organization to accept crypto.