Binance is making a conscious effort to expand into African countries to increase knowledge and adoption of digital assets. Many citizens have previously begun to invest in cryptocurrency and associated products. As a consequence, many individuals already have substantial crypto asset holdings.
Why Africa?
South Africa, Kenya, Tanzania, and the Republic of South Africa are among the top African countries leading in crypto adoption, according to Chainalysis data.
Africa is home to over 50 countries and billions of people. Youths make up the majority of the population in these countries. Citizens will live better if these countries’ available resources are used to construct societies. Apart from relying solely on natural resources, individuals can also take advantage of online chances to improve their communities’ wealth.
One of the popular ways to generate money online is through cryptocurrency investment. As a result, the Binance Blockchain & Crypto Awareness Tour (BCAT) is expected to boost participation.
Many people will learn a lot about and consequently gain a better understanding of blockchain and cryptocurrencies. They’ll also be aware of the dangers of using these technologies. As a result, there will be more acceptance and, of course, more assets.
The Binance Tour’s Details
Since 2019, Binance has been hosting the annual BCAT tour. On May 21, the exchange announced the journey to Nigeria, stating that it would begin on June 4. The goal is to reach out to many Nigerian youngsters through visits to institutions in the South East.
The tour will begin at 9:00 a.m. at the Amado Event Center in Enugu, with 60,000 Nigerian students registered. After finishing their trip in Nigeria, the squad will go to Ghana, Cameroon, and Uganda.
The team will teach participants about internet-based technologies they may use. The tour will teach teenagers about social finance (SocialFi) and blockchain according to the details. Attendees will also better understand the Metaverse, NFTs, P2E, and Mover2Earn.
Africans Can Benefit From Crypto Education
This tour’s good benefits in Africa cannot be overstated. For example, it will raise awareness among citizens looking for alternative sources of income. It’s difficult to identify investment opportunities in many African countries to maximize wealth. Understanding crypto and its products, on the other hand, will open doors.
Another advantage is that many persons looking to work remotely in the bitcoin and IT industries would know where to concentrate their efforts. With blockchain and cryptocurrency assets, there are numerous methods to profit.
The Cryptocurrency market has risen exponentially in recent years. Almost 500 % increase in last the five years itself. Not just the cryptocurrencies, but there has been an explosion in other blockchain-related technologies also like DeFi, NFTs, Play-to-earn games, Metaverse, etc.
Those who possess the necessary expertise can provide services remotely and make more money. This will enable them to make more money outside of the African banking system, allowing them to improve their lives.
Additionally, as more people use digital assets, it will become another monetary transaction option. Inflation and regulatory impediments to bitcoin transactions, particularly in Nigeria, will no longer prevent enthusiastic investors.
Blockchain and crypto have highly revolutionized the economic markets. Since this technology is still largely in its infancy, everyone has an equal opportunity, regardless of how backward or advanced their economy is.
