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Bitcoin-based Company Pledges To Build A School In Kenya

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builtwith bitcoin-Paxful
Image courtesy Paxful

A US-based peer-to-peer bitcoin marketplace, Paxful, announced yesterday that they will be building a school in the country. This will be the company’s third in its ongoing initiative to build up to 100 schools to improve access to quality education centres to emerging markets throughout the continent.

The school, set to be built in Mukalala Village, Machakos County, has been promised to have a state-of-the-art water well system. The facility will be for children 3-6 years kicking off with a $30,000(about Kes.3m) donation from Paxful.

The 100-school initiative is actually part of a wider programme, dubbed #BuiltWithBitcoin that kicked off back in 2017. The programme is the company’s devotion to eradicating poverty by providing clean, sustainable water and access to quality education. The first school was built two years ago in Rwanda and the company surely looks forward to having the initiative go on even after Kenya’s project.

“As cryptocurrency advances the financial freedoms 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.

In addition to the $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 and each donation will correlate to a specific part of the schools’ completion including classrooms (3), a kitchen, solar power system, restrooms, and more.

With the negative reputation that the crypto world has garnered over the years, it is nice to see the benefits of the industry finally come out and in a more philanthropic way.

Also Read:  Facebook's Libra Already Facing Opposition From Europe and U.S.

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