Paxful Breaks Ground On Nigerian School In #builtwithbitcoin Initiative

October 21, 2020 by  
Filed under Business

There has been a great initiative that has risen to a significant extent right now. It is the #BuiltWithBitcoin initiative that we are talking about. This has transformed approximately 100 schools already and has set foot in Nigeria’s school on September 17 as announced by peer-to-peer cryptocurrency marketplace Paxful.

Thisinittiave began in the year 2017 with a collaboration with a humanitarian organization, Zam Zam water. The first two schools were based in Rwanda and completed in 2017a and 2018, respectively. The third one was built in Kenya in the year 2020. And the list goes on.

The school is basically located in the Ankara Nandu community and belongs to the Sanga Local. It serves an estimated 100-120 children that are at the age of three to six years. It also acts as an education center for adults during the evenings. Thus, this one school is providing education to all the students residing in the entire city, which can sometimes result in inefficient teaching. Thus, the company focused on better school facilities.

Why this city even? This is because currently, 4000 people are residing in this city and are underdeveloped. It consists of just one school that provides both primary and secondary education to the students, as mentioned by the CEO of Paxful. They have a lack of the necessary supplements and resources and have a limited school infrastructure. They are in the real need of quality learning resources. Thus, investing and transforming lives with bitcoins is surely an excellent option to serve society by enhancing education.

Furthermore, the schools will have solar panels that will save up from the electricity expenses and even take care of the frequent fluctuations. They have even focused on providing the students with filtered water to keep the students’ health safe and sound. The filtered water is sold at a reasonable price to provide them with the feasibility to afford them easily.

They also cover the entire fees involved with the whole school’s entire processesses, including the staff salaries, bills, supplies, etc.  They finance even the uniforms of the students. Great, right? Such great contributions to society are surely something to rave about!

They’ve even expanded and have raised funds for the relief against the pandemic in Africa. They have reached an amount of a whopping $35,000 already!

Thus, this is undoubtedly an excellent initiative taken by Paxful for the betterment of society as a whole. Education is a complete necessity. Underprivileged and underdeveloped cities need the attention to upgrade their infrastructure so that they can provide at least a decent education to their students. Furthermore, Bitcoin’s use is undoubtedly the most innovative deal here since this will raise awareness about cryptocurrencies among the students.

This is certainly for a golden cause. They have aimed to build and upgrade many such schools in the upcoming years to improve the quality of education in the entire world. And why not? Aren’t these children basically the future of this world? Initiatives like these should be supported and given adequate encouragement for an overall increment of society, which is pretty essential right now provided such cities’ scenarios.

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