Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Bitcoin builder climbs Africa’s tallest mountain to raise awareness

CryptoExpert by CryptoExpert
October 30, 2023
in Bitcoin News
0
Bitcoin builder climbs Africa’s tallest mountain to raise awareness
  • Facebook
  • Twitter
  • Pinterest


You might also like

Robinhood Chain App Revenue Beats Ethereum, Hyperliquid

BitGo Buys NYDIG’s Institutional Trading Arm for $7M Cash and $35.5M in Stock

Sber Plans Bitcoin, Ether and USDT-Backed Loans

A Bitcoin (BTC) educator based in Tanzania has scaled Africa’s highest peak, Kilimanjaro, financing the entire trip through Bitcoin and Nostr donations.

Kweks poses with a Bitcoin and NOSTR flag at the summit of Kilimanjaro. Source: X (formerly Twitter)

Kweks (not his real name) crowdfunded over $1,700 in Bitcoin (0.0018 BTC) to cover the costs of the hike, which doubled as an announcement for a new Bitcoin education academy in Tanzania.

Kweks and his wife recently moved to a new city in Tanzania to open a learning center called the “Proof of Work Academy,” or POWA. Kweks told Cointelegraph that while POWA is a pun on Bitcoin’s consensus protocol, proof-of-work, it also refers to the Zwahili word “Poah,” which means fresh or cool.

To promote the new school and subtly hint at his affinity for decentralized protocols, including Bitcoin and Nostr (notes and other stuff transmitted by relay), Kweks funded the ascent to nearly 6,000 meters in satoshis or sats, which are the smallest denomination of Bitcoin equal to 100 millionth of 1 BTC.

Phemex

Bitcoin Lightning Network donations streamed in from all around the world via crowdfunding on Geyser Fund and through Zapraising, which is Bitcoin Lightning Network crowdfunding via Nostr (also called Zaps.)

The moment Kweks reached the fundraising milestone. Source: X

Kweks carried and waved a giant Nostr flag while sharing status updates throughout the multiday hike on X, Nostr and WhatsApp. Speaking from Tanzania, Kweks explained to Cointelegraph that while the money raised was meaningful to cover the costs of the climb, the impact was primarily educational:

“I thought it [the ascent] would be a great case study to show what Bitcoin can do and then introduce some people to Bitcoin as well.”

The ascent demonstrated to his local community that a global base of Nostriches (users of Nostr) and generous Bitcoin advocates worldwide were happy to support Kweks’ climb and educational work on the ground in Tanzania.

Plus, Kweks received a tip from one of the guides leading the party to the summit of “Kili,” as it’s known locally, showing that there is grassroots Bitcoin adoption in Tanzania.

There is, evidently, some understanding of Bitcoin in Tanzania, Kweks explained — but one of the key challenges is off-ramps into local currency. The likes of Coinbase, Kraken and Gemini do not operate in Tanzania, so swapping cash for Bitcoin and vice versa can be challenging.

Throughout the hike, Kweks received questions and curious comments from Tanzanians about how he funded the adventure and the inevitable query: “What is Bitcoin?”

Ultimately, Bitcoin adoption in Tanzania is very different from the United Kingdom, where Kweks spent 25 years of his life before moving to Tanzania.

Related: Hashing It Out: What happens when crypto meets fintech in Africa?

There is, he explains, more of a barter system in place in East Africa. It can be a challenge to explain money and hyperinflation and the reasons why a currency with a programmed inflation rate, such as Bitcoin could offer an alternative economic system to society.

“When I arrived in Tanzania ten years ago, $1 was 1,500 hundred Tanzanian shillings. As of today, [$1 equals] 2,600. That’s ten years later. It’s crazy!”

Ultimately, the key to unlocking Bitcoin education is to use terms relevant to people: “I do speak to them about how much bread is going up and how much fuel is going up, and they understand that,” Kweks explained.

“They see that it’s harder to make ends meet. So with these concepts, they understand that Bitcoin the tool can help them — and that’s the work. That’s the work that needs to be shared and explored.”

Kweks continues to post and share educational resources on Nostr and X, while the educational resource POWA offers free educational classes to Tanzanians based near Kilimanjaro.

Magazine: Bitcoin in Senegal: Why is this African country using BTC?



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

Robinhood Chain App Revenue Beats Ethereum, Hyperliquid

by CryptoExpert
August 31, 2026
0
Robinhood Chain App Revenue Beats Ethereum, Hyperliquid

Key TakeawaysRobinhood Chain’s apps generated $2.66 million in 24-hour revenue on August 30.Gmgn, Pons and Uniswap combined for about 88% of that revenue, per the same data.Hyperliquid still...

Read more

BitGo Buys NYDIG’s Institutional Trading Arm for $7M Cash and $35.5M in Stock

by CryptoExpert
August 31, 2026
0
BitGo Buys NYDIG's Institutional Trading Arm for $7M Cash and $35.5M in Stock

"Institutions increasingly want to work with a trusted partner that can support the full lifecycle of digital assets," said BitGo's CEO. Crypto company BitGo has officially acquired...

Read more

Sber Plans Bitcoin, Ether and USDT-Backed Loans

by CryptoExpert
August 30, 2026
0
Cointelegraph

Russia’s largest bank, Sber, plans to expand its crypto-backed lending to accept Tether’s USDt stablecoin and Ether as collateral alongside Bitcoin, according to a senior executive.Sber will adapt...

Read more

A Texas Player Just Let $1 Million Expire. It Was Sitting at a Gas Station the Whole Time

by CryptoExpert
August 30, 2026
0
A Texas Player Just Let $1 Million Expire. It Was Sitting at a Gas Station the Whole Time

Key TakeawaysPowerball’s $1 million Austin ticket expired after its Aug. 1 claim deadline.Circle K sold the ticket matching 5 white balls in the Feb. 2 Powerball drawing.Texas Lottery...

Read more

Could This Be Bullish for Bitcoin?

by CryptoExpert
August 30, 2026
0
Could This Be Bullish for Bitcoin?

US President Donald Trump called it the largest oil deal in history. Can it impact crypto? The United States has secured majority control of more than 65...

Read more
Next Post
ZkDay conference and Pitch competition comes to Istanbul on Nov. 13

ZkDay conference and Pitch competition comes to Istanbul on Nov. 13

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 78,143.00
ethereum
Ethereum (ETH) $ 2,452.33
tether
Tether (USDT) $ 0.999767
bnb
BNB (BNB) $ 687.67
xrp
XRP (XRP) $ 1.37
usd-coin
USDC (USDC) $ 0.99986
solana
Solana (SOL) $ 102.76
tron
TRON (TRX) $ 0.332752
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.05

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?