Paxful plans to build 100 schools in Africa using Bitcoin

nRunaway Comment: Negative news about cryptocurrencies such as bitcoin tend to be more, but in fact, cryptocurrencies can be used for many useful things. At present, Paxful, a large-scale bitcoin market, announced plans to use bitcoin to dig wells and set up schools in Rwanda so as to contribute its efforts to helping the locals get out of poverty and backwardness. Such an initiative should become an even more attractive application of cryptocurrencies in the future. In order to achieve this vision, members of the community should work harder.n
nTranslation: Inan
If judged solely by the coverage of mainstream news outlets, people sometimes mistakenly believe that there are only hackers, ransomware criminals and Cyberpunk in the Bitcoin community. In fact, all kinds of people are members of this growing group. They are engaged in various economic activities, including charity. With the rapid growth in the value of bitcoin, Bitcoin users are now able to give more to the community.n
n
Paxful kindergartenn
A social activity conducted by Paxful, one of the world’s largest P2P bitcoin markets, demonstrates the contribution of the Bitcoin community.n

Paxful CEO Ray Youssef said in an interview:n
n”We just dug in a few wells in Rwanda and built a kindergarten, and we plan to build 100 schools in Africa, all using bitcoin.”n
nTo explain this motivation, he added:n
n”We can really change people’s everyday lives and help the community, and we’ve found the best partners to work with a non-government organization called ZamZam Water to make sure all the people we help get the money.”n
nThe center includes three classrooms and four toilets, a drinking water system and a 15,000-liter water tank and catchment system. A total of 7,500 children aged 3-6 will benefit from this program.n
As for the future goal, Youssef said:n
n”This is just the beginning, and we have plans to build three more wells and two schools, and our goal is to do so when needed, but the more we get help, the faster we move forward.”n
nRwanda is also trying to recover from the tragic events of the early 1990s, and in many areas there is a lack of infrastructure, water, electricity and education resources. One such area is Bugesera, where a new kindergarten is built by Paxful in Kasebigege village.n
The move also includes building more than 20 community gardens to develop sustainable agriculture.n

Leave a Reply

Your email address will not be published. Required fields are marked *