According to a press release, a South African circular Bitcoin economy has launched the Bitcoin Ekasi Center to educate local youth, business owners, and entrepreneurs about money management and Bitcoin. The initiative was founded by Hermann Vivier.

Ekasi helped and educated staff for ten local businesses to begin accepting Bitcoin within the area. The education center hopes to double its enrollment in the near future and has already signed up 20 youths in just one week. Additionally, from Tuesday through Friday in the mornings and all day on Saturday, the center is available to the entire community.

The youth who are enrolled in the center’s educational program will also have the opportunity to interact with Surfer Kids, a separate non-profit that was also founded by Vivier to focus on empowering and fostering character in underprivileged communities.

The Ekasi center has support from Paxful, a fintech company, and the Built With Bitcoin Foundation, a non-profit organization committed to using Bitcoin to provide clean water, high-quality education, and humanitarian help.

Yusuf Nessary, co-founder and director of Built With Bitcoin, states that Bitcoin is an opportunity for a better life. “That all begins with education, and we are delighted to support Bitcoin Ekasi in its mission to enable a local community to take control of its financial future,” he added.

Younger attendees will concentrate more on developing their fundamental math and English skills, while older students will concentrate on answering three questions:

  • What is Bitcoin?
  • How does it work?
  • Why is it important?

CEO of Paxful Ray Youssef explains that money is the foundation of society and is based on who has it, how to get it, how to expand it, and what to do with it. “For the millions of people who are unable to access banks and credit, Bitcoin is a real solution for them to be able to join those conversations.”

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