Peer-to-peer bitcoin market Paxful said its #BuiltwithBitcoin program indicates that the new school in the Ankara Nandu community of Sanga Local in Nigeria will serve 100 to 120 children aged three to six and be equipped with a state. state-of-the-art solar power and water well system.
“This school is an honest representation of the impact Bitcoin can have on societies as a whole”
“We chose this particular community because of limited resources and school infrastructure,” said Ray Youssef, CEO and co-founder of Paxful.
“They desperately need quality learning spaces and this school is an honest representation of the impact Bitcoin can have on societies as a whole, and more specifically, how it can improve education.
The building will also be an adult learning space in the evening.
The #BuiltwithBitcoin initiative has already established two schools in Rwanda and a third in the village of Mukalala in Machakos County in Kenya.
“Each of our schools follows the curriculum of their respective Ministry of Education,” Youssef added, and the textbooks, guidelines and timetables meet all the requirements for testing and progress.
“Local officials have supported the initiative’s efforts because we just want students to be able to succeed and graduate in higher education by ensuring that their educational base is strong and capable.
Paxful aims to enable nearly 15,000 young people across Africa to access education through the project and provide jobs for nearly 300 teachers.
Water filtration systems in schools will not only supply the local population, but also offer the possibility of selling the water to their local community at an affordable price.
Solar panels will reduce electricity costs and bypass regular power cuts.
The fintech startup founded in 2015 will cover costs associated with running the schools, including staff salaries, utility and water bills, school supplies and student uniforms.