Fifth element of financial services establishes ” SDG impact fund ” to manage assets such as cryptocurrency and tokens in addition to the statutory currency towards achieving United Nations (UN) ” sustainable development targets (SDGs) ” Did.
It is the first time cryptocurrency is used to achieve SDGs.
Celcius network which operates distributed P2P cryptographic currency lending platform is added to the founding members and it will play the role of fund wallet .
The fund is planning to raise hundreds of millions of dollars in the future and it is said that it will utilize block chains to deal with both legal and virtual currencies.
Scott Stornetta , an advisor to Celsius and also known as an investor in block chain technology ,
“It is a wonderful opportunity to provide value gathered by UN agencies to people and organizations that need it in an accurate and effective way.”
I mentioned the expectation for the establishment of the fund this time.
The Celsius network aims to provide banking services that have been used only for the top 1% of wealthy people to the general public, Celsius CEO Alex Mashinsky said,
“By offering a maximum interest rate of 7.1%, Wall Street will be able to bring the same income to individuals as they have earned in the last few years.
He talked about the possibility of the fund.
cryptocurrency and block chains have become an example of how they are used for international organizations and other projects.
Author: Daichi – Source Post: https://crypto-times.jp/fund_for_un_sdgs/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.
It’s also important to it properly to diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.