- Paxful announces Bitcoin donation drive for Coronavirus relief efforts in Africa.
- The donation will buy essential items for those in danger and the frontline health workers.
Paxful, the company behind popular stablecoin projects like Paxos Dollar and Paxos Gold have announced a new Bitcoin donation drive to collect donations for the Coronavirus relief efforts in Africa. The company initially launched a #BuiltWithBitcoin initiative to help raise awareness regarding the blockchain industry overall.
Africa was widely touted as the next expected epicenter of the Coronavirus pandemic but various circumstances have slowed down the expectations. While the virus is still growing in numbers, it hasn’t reached the levels being experienced by European countries. So, while the growth has been slow overall, many countries in the continent are ill-equipped to deal with the disaster even if it continues to strike at a slower overall rate.
Paxful has started the donation drive with $15,000 initially and will match the donations made by other individuals and organizations who donate to the fund. The donated money will go buying Personal Protection Equipment (PPEs), food rations and essentials for the vulnerable and high-risk demographics.
Donation drives around the world are increasingly looking at Bitcoin and other cryptocurrencies for decentralized donation drives. With regular payment channels having issues especially in lesser developed countries like some in Africa, Bitcoin is a very good direct resource to donate to different missions.
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