UNICEF Australia Will Mine Monero (XMR) For Funding Its Projects
May 3rd, 2018
UNICEF Australia will start using Coinhive to obtain donations in the form of shared computing power. Cryptocurrency mined with this power will be used to fund UNICEF projects.
People could share a portion of their computing powers through in-browser mining Coinhive AuthedMine. As far as the only Coinhive-supported cryptocurrency is Monero (XMR), it’s evident that UNICEF is going to use this coin for funding. It’s still not clear whether they will somehow use mined coins or change them to Australian dollars for further financings.
Despite the numerous questions around the in-browser mining caused by its security breaches and easiness of hacking, it’s exciting to see organizations like UNICEF not only accepting cryptocurrency and blockchain but also integrating it into their business processes.