Paxful presented its own Africa-Fund to support charities in times of COVID-19.
The well-known P2P marketplace Paxful to take in the fight against the Covid19 pandemic Initiative. The company launches its Africa Fund. The project is to collect donations, in Bitcoin, to come to the support of non-profit organizations.
Financial problems and uncertainty caused by the COVID-19 Virus global. Companies and institutions are under pressure – especially non-profit organisations are burdened and in their work on the literal good will of their donors is to say dependent.
Problematic the situation is, especially in many African areas, the lack much-needed support – for example in the Form of medical supplies, food and drinking water. These difficulties would be eliminated, the company is now in Parts. In addition, with the partners SHOFCO and GROW Educare center wants to you in the southern approximately 8,400 meals, as well as 6.100 protective masks for working nurses, and nurses to provide. It has made Kenya’s Kibera Slums.
The company determined that it is in the own application is a Prime example of the many cross-border and smooth use of the Bitcoin, so that the needy will be helped in the crisis.
The objective of this project is, among other things, the provision of clean water. The partner network is also part of the human rights organisation Zam Zam. The organization has taken on the task, especially to provide remote areas with drinking water in a sustainable way.
The efforts to clean water to continue, has Paxful with the humanitarian organization Zam Zams managing Director Yusuf Nessary let it be known that it was in the campaign a direct response to the Corona-crisis, when, thanks to Bitcoin, thousands of places to be reached.
Paxful-CEO Ray Yousseff aims to Bitcoin-based Africa Funds to demonstrate the Strengths of crypto currency and to show that de Bitcoin cause quite the social little and ideal for charity and the creation of new Jobs can be used.
Yousseff formulated:
He stated, “We, As a “Bootstrapped-Company” with the founders, the passion for Giving rather than for mere material values-driven, you may want to with #built with bitcoin a social change cause. Paxful the provider of the industry, has realized the possibilities of Bitcoin in Africa and has dealt with it to cause on the continent was something. The Africa Fund is just the latest activity, the projects on the ground in the time of crisis and Need assistance to leave.“
To get the Ball literally rolling, submit Paxful, with a first donation in the amount of $ 15,000 to the Foundation for the upcoming donations. Donations will be transferred in increments of $ 15,000 from the company in Bitcoin.
The current pandemic, was for many companies the trigger to rethink and Act – crypto-currencies are here to bring direct aid quickly on the way. Paxful hopes against this Background, to establish his new Initiative around the globe, to relieve the global consequences of the crisis.
Via builtwithbitcoin.org interested parties can submit to without a great expenditure of time, donations to help millions of people in Africa financially.
Written by Chris Roper
