Money starts flowing from the fiat monetary system to the crypto world, and vice versa, officially through bigger, institutional players.
After uploaded my presentation slides on An Introduction to Sustainable Development through Social Enterprise to SlideShare, two headlines from CoinTelegraph caught my attention:
1. UNICEF Launches Cryptocurrency Fund Supported by Ethereum Foundation
2. Binance Starts Accepting Fiat Currencies Through Alipay and WeChat
I see links between these “ingredients” : Cryptocurrencies, Digital Assets Exchange, UN SDG, Social Enterprise Model, of which we can serve a really good meal out of it. #ConnectingTheDots
Building an AI driven, Blockchain based Cognitive resources management system powered by Data, Ethically. #ABCDEtheWorld
For sustainable economic, social and environmental development.
News background
UNICEF launches Cryptocurrency Fund
UN Children’s agency becomes first UN Organization to hold and make transactions in cryptocurrency
According to the official announcement published on Oct. 8, UNICEF thus became the first U.N. organization “to hold and make transactions in cryptocurrency,” namely Bitcoin (BTC) and Ether (ETH). UNICEF executive director Henrietta Fore added:
“This is a new and exciting venture for UNICEF. If digital economies and currencies have the potential to shape the lives of coming generations, it is important that we explore the opportunities they offer. That’s why the creation of our Cryptocurrency Fund is a significant and welcome step forward in humanitarian and development work.”
Binance Starts Accepting Fiat Currencies Through Alipay and WeChat
Major cryptocurrency exchange Binance has begun accepting fiat currencies through online payment service Alipay and mobile messaging and payment app WeChat, CEO Changpeng Zhao confirmed in a tweet on Oct. 9.
Zhao was quick to clarify that Binance is not working directly with WeChat or Alipay, and users are still able to use them for peer-to-peer transactions.
The move follows the implementation of Binance’s peer-to-peer trading for Bitcoin (BTC), Ether (ETH) and Tether (USDT) against the Chinese yuan (CNY) earlier on Oct. 9. The service will be initially available to Android users who already have Binance accounts registered for at least 30 days, with support for iOS to follow.
By Ana Alexandre (Cointelegraph)
