Victor Ugochukwu · Dec 14, 2020 . 5min read
Paxful Introduces Fourth #BuiltWithBitcoin School in Nigeria
Paxful has started the construction of its fourth "BuiltWithBitcoin" school in Nigeria. It will provide quality education for 100 children..
By Komal Joshi · Sep 19, 2020 . 6min read
Paxful today announced the commencement of work of the fourth African school financed through its #BuiltWithBitcoin initiative. P2P crypto exchange said that it’s the first school in crypto hot-spot Nigeria. The New-York based startup has set itself set a challenging purpose to establish 100 quality education centres in rising economies supported solely by Bitcoin. Paxful’s mission is to empower the unbanked around the world with peer-to-peer transactions.
The new school in Nigeria comprises of safety fundamentals affiliated with the COVID-19 emergency. It will have an innovative water well system, provided by Zam Zam Water. In enhancement to the classrooms, Paxful will also offer the costs associated with managing the school. This will include teachers and support staff salaries, electricity and water bills, school supplies and uniforms. It will also offer personal protective equipment for all teachers and students, including masks and hand sanitizers.
According to the announcement, the new school will be located in the Ankara Nandu community, Sanga Local, and will serve around 100-120 children aged between 3 and 6. Moreover, it will also offer education for adults in the evening. It will also provide assistance and additional knowledge to hundreds of people.
Schools Developed Under Paxful’s #BuiltWithBitcoin Project
Paxful’s initiative, #BuiltWithBitcoin, commenced in 2017, concurrently partnered with Zam Zam Water, a humanitarian organization committed to abolishing poverty by offering clean, sustainable water and access to quality education. One can donate to the initiative of builtwithbitcoin.org. The donations will complete the new school in Nigeria and will be useful for further initiatives. It will include Paxful’s Africa Fund for COVID-19, for which Paxful will donate $35,000.
The first school was completed in December 2017, in Rwanda. Moreover, the establishment of the second school was in 2018, also in Rwanda. The third school was in Kenya in 2020. Acknowledgements to the #BuiltWithBitcoin initiative, recently, more than 400 students have access to quality education. However, the goal is to bring it to approximately 15,000 young people across Africa and run for almost 300 teachers. All these schools have access to water filtration systems to satisfy the locals and enable them to sell water to their local community at an affordable price. They also provide solar panels to reduce electricity bills and circumvent external supply cuts.
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