Home Finance El Salvador launches a Bitcoin education centre

El Salvador launches a Bitcoin education centre

El Salvador

Cryptocurrency has been impacting almost every country, and a lot of them have come up with some regulations regarding Crypto Genius Home page. But the only country that has legalised cryptocurrency is El Salvador. 

When we speak about the countries that are on the side of cryptocurrencies and blockchain technology, the first country that comes to our mind is El Salvador. Nevertheless, ninety per cent or so of all the people in El Salvador report that their apprehension regarding cryptocurrency, or rather Bitcoin, is quite inexistent. Since El Salvador has made Bitcoin a legal tender, this fact comes as a big surprise. 

Hence, Paxful, a platform for spreading complete knowledge and information about Bitcoin, has been working in El Salvador for a very long time. Ensuring that the citizens of El Salvador are correctly able to use their Bitcoin in the best way is the main aim behind their efforts. 

Precisely, Paxful is a global peer-to-peer platform to facilitate payments transactions and send money by purchasing and selling Bitcoin as a means of exchange for people. It was founded by Ray Youssef and Artur Schaback in 2015. More than seven million people make use of Paxful to buy and sell Bitcoin, Ethereum, Tether, and other cryptocurrencies, and it consists of around 400 different payment methods. 

Paxful has now launched ‘La Casa Del Bitcoin,’ a new educational and training centre in El Salvador to facilitate free learning chances regarding Bitcoin. The citizens of El Salvador will be able to upgrade their understanding of cryptocurrency with the help of this training centre. According to the people, this centre is going to comprise many cryptocurrency education segments in the various programs that will be held there. Therefore, the citizens of El Salvador will get the opportunity to get more and more knowledge about Bitcoin. 

Paxful will also hold educational workshops and discussions focused on Bitcoin and financial incorporation in El Salvador as part of the effort. The centre will stress increasing the awareness about the advantages of trading Bitcoin as a means of exchange for the local community to increase the mass adoption of Bitcoin.   

The centre will also back the Built With Bitcoin Foundation offices. It is a nonprofit organisation resolute to providing clean water, ingress to standard education, continual farming, and benevolent assistance. It will all be backed by Bitcoin and other cryptocurrencies. The co-founder and CEO of Paxful, Ray Youssef, is the executive director at this Foundation. The Foundation has constructed and repaired eight schools, seven solar projects, and more than a dozen water and agriculture systems worldwide to date. 

The centre will be available for anyone who wants to know and learn about Bitcoin and everyone who wants to teach about Bitcoin. Moreover, special courses will be conducted each week which will be available and accessible online. The goal of the company is to lessen the gap between education and language when learning of Bitcoin is concerned. 

Although the text of Bitcoin law indicated that the acceptance of Bitcoin is compulsory, very few shops in El Salvador accept it. In response, this centre will help small businesses settle in the network. 

Cardano

We can expect development in El Salvador because of the financial education that is being transmitted to its citizens. The peer-to-peer transaction is also increasing in El Salvador. It has also lowered the dependence on conventional banks and the issues that are created because of them. There will only be an upsweep from here now since a lot of citizens will understand the situation more thoroughly. El Salvador will witness economic development with less dependence on the US Dollar, and the number of unbanked people will also lessen. Moreover, there is no sense in constructing a Bitcoin city when the citizens of El Salvador are not adequately aware of Bitcoin. 

Education about Bitcoin is crucial to achieving financial freedom, and El Salvador is advancing in this way with the encouragement of the Bitcoin community. It is the time of transformation in El Salvador. Peer-to-peer platforms are leading to adoption in emerging markets. Since Paxful is a people-powered platform, it understands the importance of education to bring the next wave of adoption.  

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