Huobi Charity Limited announced on Tuesday that it was giving $1 million in both Bitcoin (BTC) and fiat (USD) to the cause. The first part of the donation was in BTC, making it the first time UNICEF is receiving a Bitcoin donation from an institution since the launch of its CryptoFund.
Speaking of UNICEF’s CryptoFund, the new financial vehicle allows the company to accept, hold, and disburse digital assets. In addition to the UNICEF Innovation Fund, both initiatives provide fiat and cryptocurrency funding to early-stage startups that are beneficial to children.
Commenting on the donation, Leon LI, Founder and CEO of Huobi Group said:
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Source: Cryptocurrency - investing.com
