"The #BuiltWithBitcoin initiative is a testament to the power of cryptocurrency. We firmly believe that it can improve lives and make the world a better place."
— Ray Youssef, CEO and co-founder of Paxful.
Paxful launched the #BuiltWithBitcoin charitable initiative in 2017 to show that bitcoin can help people around the world. With the goal to build 100 schools, water wells, and community gardens for sustainable agriculture funded entirely by bitcoin all across emerging markets, the initiative showcases the capability of charity and philanthropy within the crypto industry.
The third school by #BuiltWithBitcoin will be an early education center designed for children aged 3 to 6 in Machakos Country, Kenya. There will be 3 classrooms, 6 bathrooms, a kitchen, and a teacher's office. We’ll also be introducing solar panels to this school.
120 Students
To be completed in 2020
Paxful’s very first bitcoin-funded school was completed in December 2017, serving a community of 7,500 people. The nursery education center is located in the Nyamata Sector of Rwanda’s Bugesera District, and consists of 3 classrooms, 4 restrooms with potable irrigation system, and a 15,000L water tank and water-catchment system.
In January 2019, Paxful officially cut the ribbon of the second school #BuiltwithBitcoin in Kigali, Rwanda. This school doubles the size of the first school, with six classrooms and six full-time teachers serving up to 300 primary school students aged 6 to 15. It also includes a cafeteria, a 35,000-liter potable water well, solar panels for sustainability, and many other resources for the education and enjoyment of students, staff, and faculty.
400 StudentsFinished in 2017 and 2019
0 BTC of 10 BTC donated
The first two schools we built in Africa were a big success. In 2020, we’re planning to build 4 more schools in developing countries.
Construction work on the third #BuiltWithBitcoin school site in Machakos County, Kenya has commenced! As of January 2020, dozens of local Kenyan workers have been working hard to dig and lay the foundation of the school. This school, like the ones before, will have a kitchen, a teacher’s office, and solar panels in addition to regular classrooms and bathrooms. This early education center is designed for 120 children aged 3 to 6.
The construction is expected to be completed in April 2020.
One of our key goals is to bring financial inclusion to the underbanked, via bitcoin. #BuiltwithBitcoin is the next logical step. Now we are not only helping those in emerging economies meet their day-to-day financial needs; through our work with Zam Zam, we are also making a real and lasting difference in their communities. We hope that others in the cryptocurrency scene will join this important venture."
— Ray Youssef, Paxful CEO and co-founder.
It has always been our CEO Ray Youssef’s dream to build schools in places where they are most needed. In 2017, his dream finally came true — Paxful launched the #BuiltwithBitcoin charitable initiative with the goal to build 100 schools, water wells, and community gardens for sustainable agriculture funded entirely by bitcoin. This initiative is the perfect showcase of the capability of charity and philanthropy within the crypto industry.
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Here at Paxful, we strive to make palpable changes in people’s everyday lives. We believe financial freedom is a human right and fight to make that a reality. Join our team to make a difference!
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Join us in making education and clean water possible for children in emerging markets. Get in touch with our sales team today to become a partner of the pioneering #BuiltWithBitcoin initiative.
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