14 September 2022
Despite the tumultuous times on the crypto markets, plenty of good things are still happening behind the scenes. A prime example of this is the non-profit organisation Built With Bitcoin. They are offering small communities in developing countries access to education, clean drinking water, amenities and healthy food, all with the help of bitcoin. The global character of bitcoin makes it suitable to easily send and receive donations from around the world.
Last week, Built With Bitcoin founder Yusuf Nessary announced that the organisation is giving 1000 people of the Igbaruku community in Nigeria access to clean drinking water by building new water wells. Thanks to this project, the community has access to a source of clean drinking water that’s not kilometres away. The project in Nigeria was funded by bitcoin donations from last year’s Miami conference.
Collaborating with crypto exchange Paxful and humanitarian organisation Zam Zam Water, the organisation also opened a school in Kenya with seven classrooms, including a technology classroom, and access to the internet and clean drinking water. Bitcoin company Shamory provided bitcoin-related books, games and other teaching materials to acquiant the kids with bitcoin in a playful way.
Built With Bitcoin is currently working on dozens of other projects. So far the organisation has built or remodeled ten schools, seven solar energy projects and more than ten food and water systems. They also teach the local communities about bitcoin and financial freedom. The organisation believes that cryptocurrencies can improve the lives of people, especially in developing countries.
The adoption of bitcoin and other cryptocurrencies in developing countries is increasing rapidly. Bitcoin doesn’t just serve as an investment for these people, but also as an alternative to the traditional banking system, a failing fiat currency or a corrupt regime.
Image: Unsplash/Doug Linstedh