The Former UNICEF CEO David Bull has just announced that he will be working with the crypto startup Electroneum saying he is very optimistic about the project and that it will help to deliver on sustainable development goals that aim to increase the standard of living of the poorest people in the world. In the cryptocurrency news today, we find out more about his plan.
The former UNICEF CEO stated that he will be using his extensive experience in the charity sector to help Electroneum deliver on the humanitarian mission that aims to extend bank-like services to people who are unbanked. He added that he was most impressed by the project’s initiatives aiming to get the disadvantaged people around the world to be connected to the internet and to be able to earn in the evolving job market.
According to the announcement on his personal blog, Bull will be working with the crypto asset company Electroneum to help deliver on his mission. The project has positioned the digital currency ETN as an accessible and KYC compliant virtual currency that is aimed at promoting greater access to bank-like facilities to the 1.7 billion individuals that lack banking accounts. In the blog post, Bull explained that the current initiatives are aimed to help the globe’s poorest people to improve their lives and to catch up to the developed world fit with the rapidly digesting world.
Electroneum has multiple initiatives that will be able to provide access to bank-like facilities and education and also will help the individuals find work in the global economy rapidly shifting towards freelance positions. He added:
“Young people, in particular, would be able to make a living in their own community rather than feeling the need to migrate to the city for low paid and often exploitative low skilled work. They would spend their earnings in the community, driving development for other local businesses, and potentially lifting a whole community out of poverty and giving them back control of their lives and livelihoods.”
Bull explained that he is excited to be working with Electroneum and he thinks that his connections in the world of charity will help him and the company to forge valuable connections across the industry:
“This seems to me to be just the kind of innovation which can help ensure that, by 2030, no-one is left behind, unconnected and financially excluded, as the world changes around them.”
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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