Relai, the savings and investment app making Bitcoin accessible for everyone, will support UNICEF Switzerland and Liechtenstein by donating a percentage of revenue from Bitcoin transactions on its platform to female education initiatives.
Passionate about improving female representation in a male-dominated tech industry, Relai is tackling the issue from the ground up by supporting female education from its earliest stage. 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.
In response to the escalating humanitarian crisis in Ukraine, Relai will also be donating to UNICEF's efforts to provide safe water, hygiene, healthcare, education and safeguarding for children and families affected by the conflict.
Bitcoin is becoming increasingly popular in the charity sector as its decentralisation can afford smoother access to funding. Benefits include the ability to secure and deploy funds more quickly and with greater security than with fiat currency. Additionally, for those that hold their bitcoin, there is the potential to significantly grow the funds donated.
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. Applied to this relationship, this will mean Relai donates up to 50% of the revenue collected from every opted-in transaction to UNICEF Switzerland and Liechtenstein, meanwhile, the user is rewarded for doing good.
The move comes as part of wider initiatives by Relai to help bitcoin to create a more positive impact on the world.
Julian Liniger, CEO and Founder of Relai, said:
"At Relai we're extremely passionate about the future of tech and the generations of women who will work within it. That's why 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.
We're also extremely aware that there are a great many other injustices going on in the world right now, which is why we've committed to working with UNICEF on multiple projects globally, including the humanitarian crisis in Ukraine. We're also in conversations with a number of other charities concerning a range of initiatives, and look forward to involving the Relai community in deciding what projects come next in our newly-launched Relai Donations initiative.
"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, we can play even a small part in harnessing its unique power for good."
Bettina Junker, CEO, UNICEF Switzerland and Liechtenstein, added:
"We are truly grateful that Relai has chosen to support UNICEF in advancing the education and empowerment of underprivileged girls, as well as safeguarding children and families in Ukraine. The donations will make an important difference."
