Bitcoin Dada receives a $10,000 donation from Samara Asset Group

Samara Asset Group, an investment firm specializing in crypto assets, recently donated $10,000 in bitcoin to support Bitcoin Dada, a non-profit organization based in Kenya dedicated to the empowerment of women across Africa. 

Key details   

• Bitcoin Dada, founded in 2022 by Lorraine Marcel, hopes to increase women’s participation in bitcoin by creating a more equitable and inclusive financial system in Africa and beyond.  
• The women-centric non-profit organizes workshops, online courses, and mentorship programs to achieve this.  
• Regarding the donation, Lorraine said:

“Samara’s generous donation to Bitcoin Dada is a beacon of support for the empowerment of African women. The contribution will fuel our mission to educate, uplift, and inspire women in Kenya and across the continent, fostering a brighter future for African females. We’re grateful for Samara being a pillar in this journey of empowerment.” 

• Patrick Lowry, Samara Asset Group CEO, also said:

“At Samara, we believe in a future where financial empowerment is accessible to everyone, irrespective of gender, race, or geographical location. Our donation … is a testament to this vision. We’re not just investing in Bitcoin businesses; we are investing in a more inclusive and decentralized financial future for all.” 

• Bitcoin Dada believes equipping women in Africa with the knowledge of Bitcoin can help them achieve financial independence and empower them to take on active roles in the global economy. 
• The specific plans for how Bitcoin Dada intends to utilize this donation to empower women remain unknown. The company did not respond to Mariblock’s request for comments. 

Zoom out 

• According to a report, Kenya ranked third in female engagement with crypto worldwide. The report said 42% of women own cryptocurrency and use it to earn additional income in the developing economy.  
• A Chainalysis report also put Kenya as 19th for cryptocurrency adoption globally and fifth for peer-to-peer transactions globally. This is despite the government’s unfriendly stance on cryptocurrency in the country.