Paxful Launches Bitcoin Education Center in El Salvador

1:00 pm, Thu, 3 February 22

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Popular peer-to-peer Bitcoin trading platform Paxful has announced to launch an education center in El Salvador to help Salvadorans better use BTC as cryptocurrency. EL Salvador marked history last year by making Bitcoin legal tender for the country. However, many citizens of El Salvador are still not aware of how to use Bitcoin as a legal tender the right way.

Paxful is launching “La Casa Del Bitcoin” to help solve this problem. La Casa Del Bitcoin is an education center that will focus solely on using Bitcoin as a currency. Salvadorans can join this educational center and get better familiar with Bitcoin for free.

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Bitcoin focused Discussions and Educational Workshops   

The education center will host discussions and workshops related to Bitcoin, cryptocurrencies, and finance in El Salvador. It will dive into the benefits of selling and purchasing Bitcoin and how it can help the community prosper in the future. The center will also act as an office to an American-based NGO “Built with Bitcoin Foundation” that has been working for providing better education, clean water, sustainable farming, and humanitarian support. All these efforts are powered by Bitcoin and other cryptocurrencies. The co-founder and CEO Paxful Ray Youssef is also an executive director in the Built with Bitcoin foundation.

Paxful believes that these workshops and educational discussions will clear misunderstandings related to Bitcoin in the general public and will drive a new wave of mass adoption.

Paxful Gains More Popularity in El Salvador

According to one of the directors of growth at Paxful, Will Hernandez, Paxful saw a 300% increase in users from El Salvador after the establishment of “La Casa Del Bitcoin”. He said “P2P 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.” He also mentioned that there has been a lot of skepticism among citizens of El Salvador since Bitcoin was made legal tender. Paxful believes that they can help eliminate that skepticism with the help of their education center.

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