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Kenyan firefighters add Bitcoin to their balance sheet

Newsroom by Newsroom
December 13, 2024
in Bitcoin
I vigili del fuoco kenioti aggiungono Bitcoin al proprio bilancio
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The Kenya National Fire Brigades Association becomes one of the first unions in the country to establish a Bitcoin reserve.

The Kenya National Fire Brigades Association (KENFIBA) has become one of the first Kenyan unions to establish a Bitcoin reserve. The announcement was made during the Africa Bitcoin Conference on December 11.

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: KENFIBA, The Kenya National Fire Brigades Association adds Bitcoin onto their balance sheet, becoming the first labor union in Kenya to hold Bitcoin!

⚡️Potentially, the first labor union on the continent to hold Bitcoin⚡️ pic.twitter.com/1ugLlToBdF

— Proof of Workforce (@workforcebtc) December 11, 2024

The initiative was made possible thanks to a donation facilitated by Proof of Workforce, a U.S.-based non-profit organization dedicated to promoting Bitcoin adoption among unions and workers. The Bitcoin fund will be used to strengthen Kenya’s firefighting services, a country with only 1,400 firefighters for a population of 56 million people. A city like Toronto has 3,200 firefighters for 3 million residents.

Magdalena Gronowska, a consultant for Proof of Workforce, explained that the goal of the program is to support KENFIBA in its emergency response efforts, member management, and recruitment by incorporating Bitcoin into its budget.

Although it was initially believed that KENFIBA was the first union on the continent to adopt Bitcoin, this claim was contested by user James Otudor, who pointed out that a group of university lecturers in Nigeria (Academic Staff Union of Universities) had already established a Bitcoin reserve.

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