Ethereum for australian students

Sydney University launched the project letting students earn cryptocurrency by making purchases via mobile app
17 October 2017   4447

A public university in Sydney tied up with the University of New South Wales and the startup LoyaltyX to let students participate in Unify Rewards program where they can earn ETHs making transactions through specially developed mobile application at stores located in the area of Sydney University. Students receive $5 worth of Ethereum for every ten transactions they make. The duration of the program is from October 6 to November 20 of 2017 and involves 500 participants.

By launching such project LoyaltyX and UNSW want to collect data about the peculiarities of behaviour of students when they get Ethereums in comparison with traditional points.

We are confident that they will find it much more attractive, but the study will give us a more definitive answer.

 

Andrew Lowe

Managing director, LoyaltyX

It’s not the first time when world famous universities use cryptocurrency to interact with students. Massachusetts Institute of Technology operated with cryptocurrency several times, distributing $500,000 in Bitcoins to undergraduate students and announcing launch of Litecoin project which was never actually implemented.

ETH Foundation to be Sponsor of UNICEF Crypto Fund

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation; it will be used for kids OS projects
10 October 2019   358

The United Nations Children's Fund (UNICEF) has established a cryptocurrency fund to accept donations in bitcoins and Ethereum.

Digital assets will finance open source technologies for children and youth around the world.

UNICEF became the first organization in the UN that transacts in cryptocurrency, the fund said in a press release.

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.
 

Henrietta Fore

Executive Director, UNICEF

The first contributions to the UNICEF Cryptocurrency Fund will come from the Ethereum Foundation through the French branch of the children's fund, which previously began to accept donations in nine cryptocurrencies.

Digital assets will be directed to finance three grantees of the UNICEF Innovation Fund. These are startups Prescrypto, Atix Labs and Utopixar, working in the areas of “tracking recipes, selecting investors and those who need financing, as well as public tokens and business relations”. GIGA will also receive funds from the cryptocurrency fund for connecting schools around the world to the Internet.