Users of the Bitcoin app Relai can now easily support UNICEF Switzerland and Liechtenstein projects. The Swiss savings and investment startup is donating a portion of Bitcoin ( BTC ) transaction fees to charitable initiatives, according to a statement to Cointelegraph.
Empowering women, helping people in Ukraine
The donations go primarily to UNICEF projects that promote vocational training for girls and women in regions that are particularly hard hit by poverty and conflict. With the money raised, UNICEF wants to build schools, provide learning materials and offer free meals.
Julian Liniger, CEO and founder of Relai, says about the Relai fundraiser that the Zurich-based company wants to support women with “tools” so that they can also assert themselves in male-dominated areas, “be it in the MINT area, in financial technology or specifically in the bitcoin industry”.
This fundraising campaign costs nothing to Relai users. Relai donates up to 50 percent of the proceeds from each transaction to UNICEF Switzerland and Liechtenstein. The fundraising campaign is implemented via a referral code system.
At the same time, Relai supports UNICEF's life-saving work in Ukraine , where Russia's invasion has sparked a severe humanitarian crisis. There, local people are supplied with drinking water, food, hygiene and medicine.
In addition, Relai intends to expand its philanthropy with other initiatives in the future, taking into account the views of its community on which projects Relai should support.
Good bitcoin
Mobilizing international private aid funds in a short time was (and is) never easy. However, the case of Ukraine shows that Bitcoin and Co. can quickly help in times of need. Pascal Hügli, head of research at wealth manager Schlossberg & Co., considers cryptocurrencies to be “very relevant” in such times of crisis and believes that they will increasingly play this role. “Our financial system today is a powerful tool, but it will only work as long as the world remains in a general cooperative mode. Situations like the one in Ukraine shake the system and reveal its fragility,” said Hügli. However, cryptocurrencies could help here – thanks to their constant availability and decentralization.
Digital currencies can actually be transferred quickly and easily to crisis areas. For example, on Monday , the Ukrainian government, together with the crypto exchanges Kuna, FTX and Everstake, set up a platform to which people from all over the world can donate to Ukraine. In four days, more than $56 million in cryptocurrencies have already been donated, according to the campaign 's official website . The government wants to use these donations to buy everything it needs: drinking water, food, medicine, drones and protective equipment for the soldiers, such as vests, helmets and night vision goggles.
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