The centralized lending and borrowing platform of Celsius Network will manage the Impact on Sustainable Development Fund (SDG) under the United Nations (UN) initiative "Sustainable Development Goals".
The goals of sustainable development are an international program aimed at providing a "better and more sustainable future for all". It addresses global issues such as poverty, inequality, climate change, environmental degradation, prosperity, peace and justice. The initiative is aimed at achieving a series of goals by 2030.
According to the announcement, the SDG Fund will be launched by the financial services company Fifth Element in order to attract several hundred million dollars in various formats, including using the public Blockchain. It is assumed that the fund will be the first to accept and use all forms of crypto-currency and digital assets in accordance with the goals of sustainable development of the United Nations.
It is reported that in a partnership with Fifth Element Celsius Network seeks to "return power to people" by providing banking services, usually reserved for top-level asset owners. Celsius CEO Alex Mashinsky said that "by offering earned interest rates to 7.1 percent, we allow individuals to receive the same passive income that Wall Street has been making for many years." Scott Stornitt, a company adviser, commented:
"We see an excellent opportunity to use this technology to more accurately and efficiently raise funds for the people and organizations that are most in need of it."
Recall that previously received a message that UNICEF in France will accept crypto currency as a donation. These include Bitcoin, Ripple, Ethereum, Bitcoin Cash, EOS, Stellar, Litecoin, Monero and Dash.
Author: Olga Novikova, analyst of Freedman Club Crypto News
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