A New Bitcoin Education Center in El Salvador Aims to Bring About Next Wave of Adoption


El Salvador, which has been on the forefront of crypto adoption after making Bitcoin official tender, now has a new Bitcoin education center. 

As you may remember, the bill to make Bitcoin legal tender in El Salvador got passed by the Legislative Assembly on June 9 and the Bitcoin Law became effective on 7 September 2021.

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On 24 June 2021, President Bukele announced during a national address that the Bitcoin Law will become effective on 7 September 7 2021.

According to a report by Cointelegraph, El Salvador has partnered with peer-to-peer Bitcoin marketplace Paxful to launch “La Casa Del Bitcoin,” an educational and training center to provide resources for learning about Bitcoin.

Paxful’s blog post, which was published on February 2, mentioned that the center would “also be home to the Built With Bitcoin Foundation offices, hosting events and meetups to build greater community participation and education.”

It went on to say that La Casa Del Bitcoin would “provide educational training and events that grow awareness around the benefits of buying and selling Bitcoin as a means of exchange for the local community” and that it would “further drive the next wave of Bitcoin mass adoption and equip growing segments such as small merchants and local businesses with tools to connect to a global community of users.”




Ray Youssef, CEO and co-founder of Paxful, had this to say:

It’s no secret that Bitcoin is shaping the future of finance in El Salvador and beyond. Education continues to be a key driver of global Bitcoin adoption and this new center represents its importance to the creation of an inclusive financial system. From the small merchant to the Bitcoin enthusiast, we’re excited to learn from the people and share the power of Bitcoin for freedom and equal financial access.

And Yusuf Nessary, Director of Philanthropy of 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. We’re grateful for the opportunity to deliver resources and continue building equitable opportunities for countless people and communities who bring our mission to life.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

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Featured Image by user BenjaminNelan via Pixabay.com


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