$30,000 steadies Paxful on 100-school course
The school, which will come fully
equipped with a state-of-the-art water well system, will be built in Machakos
County, Kenya for children aged 3-6 years and will kick off with a $30,000
donation from Paxful.
#BuiltWithBitcoin was created
first and foremost with the primary goal of promoting philanthropy and charity
within the cryptocurrency industry.
Paxful’s #BuiltWithBitcoin
initiative began in 2017 with partner Zam Zam Water, a humanitarian
organization devoted to eradicating poverty by providing clean, sustainable
water and access to quality education to villages across the globe.
The first of the three schools
was completed by representatives from both teams in December 2017 in Rwanda,
while the second, also in Rwanda, was completed in 2018.
The #BuiltwithBitcoin initiative
now supports over 400 students, and through the 100-school plan, Paxful expects
to bring education to nearly 15,000 young people throughout Africa while
providing jobs to nearly 300 teachers.
“As cryptocurrency advances the
financial freedom of Africans and provides new and innovative ways for millions
in the country to conduct business, we at Paxful wanted to take on a larger
role to help them break free of the shackles of an unjust financial system,”
said Artur Schaback, COO and co-founder of Paxful. “From helping Nigerians
start a financial ecosystem with gift cards, to making remittance easy in
Kenya, with our 100-school initiative #BuiltwithBitcoin, we plan to continue to
empower Africans take control of their financial independence.”
“Zam Zam strives to create
positive social change by empowering men, women, and children through education
and opportunity,” said Yusuf Nessary, founder of Zam Zam Water. “We are beyond
excited and grateful for the opportunity to bring the third school that is
#BuiltWithBitcoin to the people of Africa, and look forward to providing them with
97 more.”
In addition to a $30,000 donation
of its own, Paxful has enacted a call to action for the crypto community at
large to become a part of its 100-school plan. Interested parties can donate
BTC (https://builtwithbitcoin.org) and each donation will correlate to a
specific part of the schools’ completion including classrooms (3), a kitchen,
solar power system, restrooms, and more.
“The benefits of cryptocurrency
are often shadowed by clouds of negativity and speculation,” said Ray Youssef,
CEO and co-founder of Paxful. “At Paxful, it’s our mission to change this image
and showcase all the good that can be done if we work together, beginning with
the youth in the communities and building on this initiative in the near
future. We are calling on the industry to help us!”
Paxful also launched an official
#BuiltWithBitcoin website to provide more information about the initiative and
how to donate.
Visit https://builtwithbitcoin.org
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