Paxful, the leading global peer-to-peer fintech platform with 2.5 million African users, recently announced their interest and intent through a donation to the Human Rights Foundation, a non-partisan, nonprofit promoting human rights worldwide promotes and protects, to support.
This donation specified by Paxful will be made in conjunction with the Built With Bitcoin Foundation, another humanitarian organization dedicated to creating equitable opportunities by providing clean water, access to quality education, sustainable agriculture, and humanitarian assistance – all using cryptocurrencies.
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It is also revealed that the donation will be used to fund Qala Fellowship, a program designed to help harness and nurture local Nigerian talent and also build a career in the Bitcoin field. The Qala Fellowship, which is currently accepting applications, aims to get more developers from Africa to work on Bitcoin, build their own businesses, contribute to open source and / or get jobs in various Bitcoin companies. Developers also receive a monthly grant so that they can focus on their work.
Starting with ten developers, the Academy’s inaugural program will consist of a six-month intensive bootcamp focused on building on Bitcoin and providing students with the resources they need to succeed – such as connections for internships or full-time positions and guides on how to contribute to Core – and other Bitcoin open source projects. During the course, participants will also be taken to career talks from various developers, CEOs, product managers, and experienced players in the Bitcoin space. The core of all of this is to expand the initiative by developing a framework and curriculum that can be replicated for similar programs in Nigeria and other parts of the world.
Paxful Co-Founder and CEO Ray Youssef said that Paxful is following the energy and it is clear that Bitcoin will make Nigerian youth have a profound impact on the global economy. “They have entrepreneurship in their DNA, but they didn’t get the chance to showcase their talent on the global stage. First and foremost, the Qala Fellowship is a career roadmap for Nigerian developers. It’s also a way to support the local economy and a means for Bitcoin to get more thought out from the developers. We’re proud to fund this project and can’t wait to see what these developers can do. “
Additionally, Alex Gladstein, Chief Strategy Officer of the Human Rights Foundation said, “If Bitcoin is to be a global currency, it must be built by people around the world. There are millions upon millions of Bitcoin users in Nigeria, Ghana, Kenya, South Africa and other nations, but relatively few Bitcoin developers and contributors from these regions. We are excited to support the Qala Fellowship to bring more African perspectives and talents to the Bitcoin project and ecosystem. “
Similarly, Program Lead, Qala Fellowship, Bitnob Co-Founder and CEO Bernard Parah said, “When I grew up in Nigeria, I am very proud of local developers who want to make a difference. I’ve also seen what Bitcoin is capable of – with far-reaching implications beyond speculation. I am incredibly proud to lead the development and implementation of this program as I believe Africa has a lot to offer to the Bitcoin economy. And we’re just getting started. “
Founded in 2015 and fully booted since then, Paxful is headquartered in New York with offices in Estonia, the Philippines and Russia. The team has doubled in the last 12 months and has grown to over 400 employees.