Binance Launches Awareness Tour in Africa as Crypto Activity Skyrockets By DailyCoin

African content has been one of the fastest growing crypto markets in the world. 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. But with bigger enthusiasm, precautionary steps are needed and therefore Binance announces the Blockchain and Cryptocurrency Awareness Tour (BCAT).

5 days to go!Have you reserved your ticket for #BinanceBCATEnugu?Register Now https://t.co/bckdD24fHz https://t.co/jmWPAS6YFh

— Binance Africa (@BinanceAfrica) May 30, 2022

Teaching Young Africans about Financial Freedom & Responsibility

The first BCAT event this year will be on June 4th in Amadeo Event Centre in Enugu. The venue was chosen because young Nigerian students have a broad interest in cryptocurrencies. 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. Smooth adoption of blockchain is closely related to financial literacy, study shows.

The annual BCAT tour has been running since 2019 and apparently reached over 60,000 Nigerian students already. However, the crypto knowledge event is not only limited to Nigeria, as Binance plans to tour this year in Ghana, Uganda and Cameroon too.

Web 3 is the Future of the Internet

This year, the crypto awareness tour is focusing on the most recent innovations and upcoming changes to the way people use the internet. The main topics covered in the upcoming event are:

• Play-to-earn gaming (P2E)
• NFTs (non fungible tokens)
• Metaverse and its features
• Cryptocurrency career prospects
• Introduction to SocialFi
• Introduction to Move2Earn

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%’. This indicates that most African citizens are searching for alternatives to the traditional 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. In addition, young people in Africa are actively looking for remote jobs in the crypto and IT sectors, as in many of these developing countries local wages are not enough to survive.

On the Flipside

• Central African Republic becomes the second country in the world to adopt as legal tender
• Central African Republic also announced plans to build a tax-free crypto hub on an island called Sango

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