Crypto trading platform Paxful has announced the launch of ‘La Casa Del Bitcoin’, an educational and training center in El Salvador to enable free learning opportunities related to Bitcoin (BTC). According to the official blog post, Paxful will conduct educational workshops and training focused on Bitcoin adoption in the country. It also aims to offer merchants and local businesses tools to connect with a global community of Bitcoin users. Will Hernandez, the Director of LATAM Growth at Paxful stated that the platform saw 300% growth in El Salvador last year. He pointed that the country is undergoing a transformation where P2P platforms are fostering crypto adoption: “What we’re witnessing is a moment of transformation in El Salvador. Peer-to-peer 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.” Overall, the education center aims to offer education, accessibility and demonstrate the real-world benefits of Bitcoin to emerging markets. Bitcoin Knowledge Among El Salvadorans La Casa Del Bitcoin will be home to the office of the Built With Bitcoin Foundation, a U.S.-based nonprofit organization dedicated to providing clean water, access to quality education, sustainable farming, and humanitarian support powered by Bitcoin and cryptocurrencies. Commenting on the development, Yusuf Nessary, Director of Philanthropy at Built With Bitcoin Foundation, said: “We’re excited to build a home for the Built With Bitcoin Foundation in El Salvador and expand our impact. The projects that we are launching demonstrate the power of Bitcoin as a philanthropic tool to aid change and further financial freedom.” The Bitcoin education initiative comes at a time after a survey from September revealed that 90% of El Salvadoran respondents said that their understanding of Bitcoin was poor or even non-existent. Later another survey suggested that more than 50% of El Salvadorans were not familiar with Bitcoin.

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