RATE Group | Paxful Launches Bitcoin Fundraising Campaign to Combat COVID-19 in Africa
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Paxful Launches Bitcoin Fundraising Campaign to Combat COVID-19 in Africa

05 May Paxful Launches Bitcoin Fundraising Campaign to Combat COVID-19 in Africa

Posted at 05:40h in Bitcoin News by

Peer-to-peer (P2P) cryptocurrency marketplace Paxful announced on May 4 the expansion of its #BuiltWithBitcoin charitable initiative in Africa with the launch of the “Africa Fund.” 

The fund will use Bitcoin (BTC) donations to purchase essential resources for the fight against the coronavirus pandemic.

According to the announcement, COVID-19 cases are increasing in Africa “at exponential rates.” Fundraising aims to acquire Personal Protective Equipment (PPE), food packs, and provide high-risk individuals with groceries and handwashing stations.

Paxful will start the fund with $15,000 and match any additional donations submitted up to $15,000 in BTC.

Speaking to Cointelegraph, Paxful CEO Ray Youseff said:

“We know that the past month has been challenging for everyone. And in Africa, where many Paxful users are from, was also hit by this pandemic. Health systems are underfunded and understaffed and many people are living in unfavorable conditions. In response to that, we are…

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