Zurich-based bitcoin investing app Relai will support UNICEF Switzerland and Liechtenstein by donating a percentage of revenue from bitcoin transactions on its platform to female education initiatives. The move comes on the back of the platform’s newly-launched programme that rewards users for charitable giving.
The donations will help UNICEF improve girls’ access to schooling in poverty- and conflict-affected areas through activities including the construction of schools and the provision of teaching materials and free school meals to create the conditions to help girls stay in education.
Relai will also be donating to the UN body’s efforts to provide safe water, hygiene, healthcare, education and safeguarding for children and families affected by the conflict in Ukraine.
Bitcoin is becoming increasingly popular in the charity sector as its decentralisation can afford smoother access to funding. Julian Liniger, CEO and founder, Relai, said: “We’re supporting female education from its earliest stage, giving women the tools to pursue the career they choose and break into male-dominated spaces - whether that be in stem, fintech or the bitcoin industry specifically. bitcoin is an incredibly useful tool for mobilising humanitarian aid on a large scale, and we hope that by using it as a rapid and secure conduit for funds.”
Donations will come at no cost to Relai’s users, who simply opt into a referral code scheme, whereby the referee’s transaction fee is reduced by 0.5% and the referrer receives up to 50% revenue share from every transaction that uses their referral code.