Paxful drives financial inclusion with education centres

By Chinenye Anuforo

Financial literacy is a key component of economic growth and development in any country. While emerging markets are leading in Bitcoin adoption, there is still a wide knowledge gap on the opportunities Bitcoin can offer for financial freedom. According to S&P’s Global Financial Literacy Survey, African countries score low in terms of financial literacy, compared to the rest of the world. Narrowing in on Nigeria, the survey shows that only 26 per cent of adults are financially literate, while 74 per cent lack the understanding of basic financial concepts.

At its core, financial inclusion begins and ends with education. Bitcoin can pave the way for a brighter financial future, but developing nations need greater access to resources that highlight its value.

For leading global peer-to-peer platform, Paxful, financial education is at the forefront of their mission. To address the knowledge gap and strengthen financial inclusion, Paxful has committed to setting up Bitcoin educational centres in key markets where it operates. In 2021, the company launched the PaxNaija Educational Centre in Wuse Central, Abuja, to educate, train and inform Nigerians on the adoption of Bitcoin and digital currencies.

Four months later, the P2P platform launches another educational centre, “La Casa Del Bitcoin” – this time in the heart of El Salvador. The centre will provide free educational training and events to grow awareness around the benefits of buying and selling Bitcoin as a means of exchange, while contributing to efforts to boost financial inclusion in the region. La Casa Del Bitcoin will also be home to the Built With Bitcoin Foundation offices, a not-for-profit dedicated to creating equitable opportunity by providing clean water, access to quality education, sustainable farming, and humanitarian support – all powered by Bitcoin and cryptocurrencies.