Paxful to Provide Academic Scholarships to Female Afghan Refugees
In another development in the #BuiltWithBitcoin charitable initiative, female refugees from Afghanistan will be receiving academic scholarships. The company has also come forward to help Rwandan nursery school that it assisted in construction.
The peer-to-peer (P2P) bitcoin marketplace chose the deserving candidates through their personal essays. One of them is Susan Naseri, who aims to provide input in nonprofit work and law, Farzana Nawabi, who wants to pursue a bachelor’s degree in nursing and Dunia Azizi, who will be attending for a mathematics degree. Each one of them was awarded $5,000 which calculates down to $2,500 per semester. Zam Zam has been made the in charge of programme’s implementation which will be continued on a yearly basis.
Susan Nazeri said, “As a recipient of the Zam Zam Water scholarship, I’d like to express endless gratitude and appreciation to Paxful and everyone involved in the donation process. Receiving this scholarship is not only an immense honor and privilege; it also eases my financial stress significantly. I’m beyond humbled and thankful for this scholarship; thank you eternally for helping me expand my education and fulfill my dreams.”
As of now, it was claimed that Paxful is managing a bitcoin volume of $40 million in Africa. The #BuiltWIthBitcoin programme was launched in 2017 after the company donated $50,000 in bitcoin for the establishment of a nursery school in Rwanda.
Recently, the firm announced its plans to increase investment in the school for modernizing the facilities, providing free lunches, new uniforms and desks to students, and supplying teachers with educational material and salaries. It has also aimed to construct a water filtration system to use water from local wells for boosting farming.
It is interesting to know that Anthem Gold, a provider of digital currencies, also funded bitcoin in the initiative that was used to establish a 35,000-liter water tank in Rwanda. The money was also used to assist the cultivation of more than eighty sustainable community gardens while giving thirty goats to two villages.
CEO of Anthem Gold, Anthem Hayek Blanchard, stated, “I am grateful to participate in a project that builds sustainable and essential projects for communities in need. We hope to use Zam Zam’s knowledge to provide people with the building blocks needed to foster and grow.”
On the other hand CEO of Paxful, Ray Youssef said that his company is impressed by the courage of these women who are desperate to improve the living conditions of people around them. He added that the campaign focuses on communities that have always been underserved. Youssef requested more people to contribute to expanding the number of beneficiaries from their initiative.
Paxful has been praised for its community-building efforts that have reflected in the popularity of the company. But, the efforts of the company cannot be discounted as deserving people in Africa and around the world have gained a lot. It would be interesting to see whether the company will get more financial help for the welfare of the people who are worthy of our support.