Binance Creates Jobs for the Youth in El Salvador To Help Tackle Gang Issues

Summary:

• Binance is creating jobs for the youth in El Salvador as a way of helping with gang issues in the country
• According to CZ, in the last two weeks, Binance has hired 7 staff, sent out 13 job offers, and posted over 50 openings
• President Nayib Bukele is committed to eradicating gangs from the country
• Bitfinex and Tether have now raised almost $2 Million to help families affected by the gang situation in El Salvador

The crypto exchange of Binance is creating jobs for the youth in El Salvador as part of its strategy in assisting the Bitcoin-friendly nation in tackling the gang issues in the country.

According to Binance CEO Changpeng Zhao, the exchange has hired seven new staff in El Salvador in the last two weeks. Furthermore, Binance has sent out over 13 job offers and posted over 50 job openings in the same period.

We @Binance took a different approach to help with the gang issues in El Salvador.

Create jobs for the youth.

Last 2 weeks, we have hired 7 staff, + offers for 13, and 50+ more openings, and hopefully get a few hundred before year end.

Long term solution. Crypto creates jobs. https://t.co/zRhrxztKYs

— CZ 🔶 Binance (@cz_binance) April 16, 2022

Binance Has a Crypto Training Program in El Salvador

CZ pointed out that most of its hires in El Salvador were on the Spanish customer service line, with other roles soon available. Binance also has a training program in the country to educate the majority of El Salvadorians on digital assets as crypto ‘also improves financial inclusion’.

President Nayib Bukele is Committed to the Fight Against Gangs

Binance hiring the youth in El Salvador comes at a time when President Nayib Bukele is leading a nationwide crackdown on gangs. In a tweet earlier today, President Bukele updated his followers that over 12,000 gang members had been arrested in the last 21 days due to El Salvador’s government instilling emergency powers for 30 days to tackle an increase in gang-related homicides.

Bitfinex and Tether Raise $2M For Families Affected by Gang Violence

According to the Wall Street Journal, most of the murder victims were working-class citizens who were often the target of extortion by the MS-13 and 18th Street gangs. Furthermore, the recent increment in violence was triggered by a breakdown of the truce between gangs and the government.

The crypto exchange of Bitfinex and the company of Tether has launched a funding campaign to help the families of those affected by the gang violence in El Salvador. The two companies initially donated 25 Bitcoin, with the amount soon rising to 36 BTC due to the crypto community’s donations.

Bitfinec and Tether CTO Paolo Ardoino recently updated via Twitter that donations were now close to $2 million.

Almost $2M now 🇸🇻 https://t.co/pNfj9SDEXi

— Paolo Ardoino (@paoloardoino) April 12, 2022