Make at least 50.000$ monthly trading crypto Follow professional Trading signals for FREE. I'm going in!

El Salvador develops Bitcoin learning institute to enhance adoption

3 min reading

Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Though Bitcoin became legal tender last year, 90% of El Salvadorans said their awareness about crypto was inadequate or missing.

Paxful, a major peer-to-peer (P2P) Bitcoin (BTC) platform, is seeking to assist Salvadorans in making effective use of the cryptocurrency, which became legal tender in the nation last year.

Paxful declared the unveiling of "La Casa Del Bitcoin," a new training and education institute in El Salvador that will provide free Bitcoin education.

Paxful will conduct educational sessions and workshops on Bitcoin and financial assistance in the country as part of the initiative. The facility will aim to increase community awareness of the advantages of trading BTC as a medium of exchange to accelerate the next round of Bitcoin wide adoption.

The facility will also host the offices of the Built With Bitcoin Foundation, a non-profit organization based in the United States that uses Bitcoin and cryptocurrencies to provide pure water, good education, sustainable agriculture, and humanitarian relief. Ray Youssef, co-founder and CEO of Paxful, is the foundation's executive director.

“Bitcoin education is the key to financial freedom and El Salvador is leading the way with the support of the Bitcoin community,” said Yusuf Nessary, director of philanthropy at the Built With Bitcoin Foundation.

Will Hernandez, Paxful's director of Latin American growth, says that the company's Salvadoran users have grown by 300%. “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,” he said.

Despite El Salvador's adoption of Bitcoin as legal tender on Sept. 7, 2021, Paxful's recent attempt to boost Bitcoin knowledge in the nation is in reaction to some current crypto-related uncertainty among El Salvadorans.

In September 2021, as reported earlier, up to 90% of El Salvadorans stated their knowledge of Bitcoin was inadequate or missing. As per a recent survey, more than half of El Salvador's population has never heard of Bitcoin.

Currency Exchange rate Buy cryptocurrency

TradingSignals News
Start making MONEY trading crypto! Follow professional Trading signals for FREE >>> JOIN

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the ( Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is c/o Fintech Labs Global Solutions, Unit 303, Ile Du Port, Mahe, Seychelles

The full document to read the TradingSignals privacy policy is available in this document.

Advanced settings can be changed in your browser.