The Built with Bitcoin Foundation is building a school in Kenya and showcasing Bitcoin as a force for good
Built with Bitcoin
Yusuf Nessary with students at BWB Nursery and Primary School, Machakos, Kenya.
The school was built in partnership with Paxful and Zamzam, a humanitarian organization dedicated to eradicating poverty by providing clean, sustainable water and access to quality education to villages around the world.
The school is a hybrid of a kindergarten and a primary school, with six classrooms, a teacher’s lounge and a technology centre. It has electricity and a sustainable well that supplies clean water to the students and the community. It is also connected to the internet.
According to Ray Yussef, CEO of Paxful and CEO of the Built With Bitcoin Foundation, “Built with Bitcoin is a testament to the power of cryptocurrency.” We are convinced that it can improve lives and make the world a better place. “
The Built With Bitcoin Foundation donated educational materials from Shamory, a family company that develops Bitcoin books, card games and other educational materials for use by children to help them understand bitcoin in a fun way, to ensure that students learn about Bitcoin early.
According to Yusuf Nessary, co-founder and director of philanthropy at the Built With Bitcoin foundation, for them it is not only about school systems, water wells and solar systems, it is also about financial literacy and education for isolated communities as it is extremely important. for their journey to financial freedom.
Although the school still depends on donors and well-wishers for its continued operation, it is intended to become self-sustaining in the future, once all secondary classes and facilities are completed, according to Guantai Kathurima, CEO of Bitcoin Mtaani, which has actively championed Bitcoin content translation to African languages.
While the worldwide web is full of negative headlines about Bitcoin, such as Silk Road, bitcoin scams, liquidations of Bitcoin traders, exchanges going bankrupt, multi-million dollar exchanges and bear market FUD, the reality is quite different. The Built With Bitcoin foundation sets a global footprint of Bitcoin as a force for good.
While traditional foundations face high overhead costs and inefficiencies in the way they manage donor funds, Built With Bitcoin has a simple structure that ensures 92% of donations go directly to projects. 8% is spent on administrative costs such as accounting, website management and The Giving Block fees. All other associated costs, such as staff wages and travel expenses, are covered by a separate grant fund.
In July, the Built With Bitcoin Foundation also built a water well in Igbaruku Community, Kogi State, Nigeria, Africa, serving approximately 1,000 people. This saves the community time that would otherwise be spent fetching water from a distance and ensures that the community has access to clean water. During the project, members of the community were taught about Bitcoin in their native language.
To date, the foundation has constructed or repaired ten schools (eight in Africa), seven solar energy projects, and more than a dozen water and agricultural systems around the world. According to Yusuf, in an interview with Mumo, a crypto vlogger, the Built With Bitcoin Foundation’s success is measured not only by the level and amount of infrastructure they build, but also by their ability to connect and build trusted human relationships.
“Bitcoin without the people is just code.” –Matt Odell
