Paxful Launches Educational And Training Center In El Salvador To Enable Free Learning Opportunities
Paxful, the major peer-to-peer (P2P) Bitcoin (BTC) platform, has launched “La Casa Del Bitcoin,” a new educational and training center in El Salvador to enable free learning opportunities related to BTC.
It has been reported that as part of the effort, Paxful will hold educational workshops and talks focused on Bitcoin and financial inclusion in the country. The center will focus on growing the awareness around the benefits of buying and selling BTC as a means of exchange for the local community to further drive the next wave of Bitcoin mass adoption.
A spokesperson for Paxful said:
"The center is open to everyone that wants to learn about Bitcoin and everyone who wants to teach about Bitcoin. In addition, each week will consist of special courses, which will be available to access online."
However, the company's goal is to close the gap in education and language when it comes to learning about Bitcoin. La Casa Del Bitcoin will also be home to the Built With Bitcoin Foundation offices, a United States-based nonprofit organization dedicated to providing clean water, access to quality education, sustainable farming, and humanitarian support, all powered by Bitcoin and cryptocurrencies. Paxful co-founder and CEO Ray Youssef is the executive director at the foundation.
Yusuf Nessary, the Director of Philanthropy at Built With Bitcoin Foundation, said:
"Bitcoin education is the key to financial freedom and El Salvador is leading the way with the support of the Bitcoin community."
The report said that according to Will Hernandez, director of Latin American growth at Paxful, the company saw a 300% increase in Salvadoran users.
"What we're witnessing is a moment of transformation in El Salvador. Peer-to-peer platforms are driving adoption in emerging markets, and as a people-powered platform, we understand that education is crucial to the next wave of adoption."
Likewise, Paxful’s new effort to raise awareness around Bitcoin in El Salvador comes in response to some existing crypto-related skepticism among El Salvadorans despite the country adopting BTC as a legal tender on September 7, 2021.
Thus, as previously reported, as many as 90% of El Salvadorans said their understanding of Bitcoin was poor or even non-existent in September 2021. One survey also later suggested that more than 50% of El Salvadorans were not familiar with Bitcoin.