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Blockchain adoption is growing in Africa and Binance is fueling the change.
For a long time, technology has been mostly adopted massively in Europe and the Americas before China joined in. Africa has lagged behind. Now, with blockchain technology and access to smartphones, Africa can join the club and get her people banked. One person at the forefront of this change is Binance CEO, Changpeng Zhao.
Just recently, countries like El Salvador and Kazakhstan adopted blockchain and crypto technologies.
Blockchain To Bank The Unbanked
A huge number of the population in Africa is unbanked. This is majorly due to the many hustles involved in using traditional banking systems and the lack of access to proper technology. It is estimated that Binance will impact the lives of between 10-20% of the African population. That’s a lot of people in a continent with over a billion people. CZ said this himself. With blockchain, people can transact from anywhere. This is why Binance’s CEO went to meet the President of Côte d’Ivoire (Ivory Coast).
Africa is primed for crypto adoption. 10-20% banked. Need financial access and inclusion. Blockchain provides that with a smart phone.
— CZ 🔶 Binance (@cz_binance) July 6, 2022
According To Wikipedia “Côte d’Ivoire is a West African country with beach resorts, rainforests and a French-colonial legacy. Abidjan, on the Atlantic coast, is the country’s major urban center. Its modern landmarks include zigguratlike, concrete La Pyramide and St. Paul’s Cathedral, a swooping structure tethered to a massive cross. North of the central business district, Banco National Park is a rainforest preserve with hiking trails.”
The main agenda is to bring blockchain technology closer to the people of Côte d’Ivoire. Undoubtedly, other African countries will want a share of this global cake.
Binance And CZ Leading The Charge
CZ took to Twitter to let everyone know of the new development in fostering blockchain and crypto adoption in the African continent. Even the Ivorian side took their part in spreading the good news.
Binance CEO met with the President of the Republic of Côte d’Ivoire to discuss the integration of crypto in the country.
Working on adoption, all around the world. https://t.co/bnvmKXmaTE
— CZ 🔶 Binance (@cz_binance) July 5, 2022
The lucky blue tie!!
After El Salvador and Kazakhstan, another President just got #Binanced!!@cz_binance with His Execellency Mr. Allassane Dramane Ouattara, President of Cote d'Ivoire.
The world 🌎 is getting #Binanced!! #BinanceTurns5 pic.twitter.com/2cflw7ebGB
— Spidey_ElonFan (@spideycyp_155) July 5, 2022
CZ has been known as a pretty pro-tech champion in the industry. A few days ago, he encouraged people to purchase Bitcoin dips to reap in the future. Getting more people in the game is the first step to driving adoption that will eventually change the world’s financial setting. At this rate, it’s hard to refute the gains made over the past few years. With President Alassane OUATTARA already “Binanced” Côte d’Ivoire will now be part of this revolution.