Worldwide shared trade powerhouse, Paxful, has reported the “African Fund” set towards assisting with COVID-I9 related issues.
The “African Fund” will utilize bitcoin to buy nourishment, PPE, water stations, and more for gifts in different pieces of the landmass.
Addressing BlockNewsAfrica CEO and prime supporter of Paxful Ray Youssef located the harsh occasions that world has looked because of the pandemic as a persuading factor.
“We realize that the previous month has been trying for everybody, universally. Africa, where numerous Paxful clients are from, has been hit by this pandemic too. In certain nations, the quantity of affirmed COVID-19 cases is quickly expanding, and numerous individuals are living in troublesome conditions. We began revitalizing for Africa a couple of years prior by building schools through the #BuiltWithBitcoin activity.
Back then, we saw that there was a need for quality education so we came up with the goal to build 100 schools across emerging markets. Now, in these crazy times, we started the #BuiltWithBitcoin COVID-19 Fund for Africa that aims to directly help communities and showcase crypto as a positive force in times of crisis. We’ve learned so much from Africa, so this is us giving back and lending a helping hand.
At the time of writing, Africa has recorded 46,580 cases of COVID 19, with 1,827 deaths. Despite relatively weak health structures, the continent has handled the pandemic better than expected.
At this point, more donations like PPE’s for frontline workers or relief items for individuals affected may go a long way to ease the pressure on these structures. Beyond the virus itself, the restrictions placed to reduce spread has had a negative effect on the economy, especially the middle to low class.
However, the same can be said for other regions who are also experiencing similar effects. When asked if they intend to expand into other regions, Paxful expressed that it will be possible if they find the right partners.
“We are open to expanding to other regions. It’s just a matter of finding the right partners, as we did in Nigeria, Kenya, and South Africa.”