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Binance Launches Awareness Tour in Africa as Crypto Activity Skyrockets -Breaking

by Mike Robinson

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Binance launches Awareness Tour to Africa in Crypto Activity Skyrockets

African content is one of the most rapidly growing crypto markets. According to the Global Crypto Adoption Index by Chainalysis, there’s 4 African nations in the TOP 20 of the fastest adopting crypto countries – Nigeria, Kenya, Tanzania and Republic of South Africa. However, with greater excitement comes the need for cautionary measures. Binance announced that they will be hosting the Blockchain and Cryptocurrency Awareness Tour.

Teaching Young Africans about Financial Freedom & Responsibility

On June 4, 2018, the first BCAT Event will be held in Enugu’s Amadeo Event Centre. Because young Nigerian students are interested in cryptocurrency, the venue was selected. At the end of the day, it’s all about empowerment, so Binance hopes that students will adopt crypto and blockchain technology in real life. Study shows that smooth adoption of blockchain technology is directly related to financial literacy.

BCAT’s annual tour, which began in 2019, has apparently already reached over 60.000 students in Nigeria. Binance intends to visit Cameroon and Uganda this year as well, so the crypto knowledge event does not just exist in Nigeria.

Web 3 will be the Future of the Internet

The Crypto Awareness Tour will focus on recent developments and the upcoming changes that are happening in internet usage. These are the main themes of the event:

  • Play-to-earn gaming (P2E)
  • NFTs (non fungible tokens)
  • Metaverse, its features
  • Future career opportunities with cryptocurrency
  • Introduction to SocialFi
  • Move2Earn: Introduction

Africa is the fastest growing crypto community in terms of everyday use

According to Chainalysis, ‘Africa also has a bigger share of its overall transaction volume made up of retail-sized transfers than any other region at just over 7%, versus the global average of 5.5%’. These numbers indicate that the majority of Africans want alternatives to the current monetary system. Most African countries won’t run out of motivation anytime soon, as the flawed infrastructure left a lot of citizens without access to banking. Young people from Africa are also actively seeking remote positions in the IT and crypto sectors because in many countries in Africa, local wages don’t suffice to sustain them.

Flipside

  • Central African Republic adopts legal tender in second place
  • Central African Republic announced also plans to create a tax-free cryptocurrency hub on Sango Island

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