2020 and 2021 saw a 1,200% increase in crypto volume, the accelerated adoption of digital assets in Africa has caught the attention of multiple companies and organizations looking to take part in this developing market.
The Blockchain and Cryptocurrency Awareness is a Binance driven awareness campaign that has been spreading knowledge and trying to promote a strong crypto community in Africa. By reaching out to university students, mostly in southeast Nigeria, the campaign hopes to increase crypto adoption among Nigerian youth.
The main event will take place on THE 4TH OF June at the Amadeo Event Centre in Enugu, Nigeria as well as Uganda, Ghana and Cameroon.
Binance launched the BCAT tour in 2019 and claims to have reached over 60,000 Nigerians. This year’s event focuses heavily on concepts related to play to earn, the Metaverse and nonfungible tokens.
Although its the smallest crypto economy in the world in terms of market penetration, Africa is adopting digital assets at a faster rate as locals look for alternatives to weak financial infrastructure and a lack of payment structures. Remittances, peer-to-peer payments and savings have emerged as major adoption drivers for local residents, according to gathered date. Similar to Argentina, many people in Africa see Bitcoin and other cryptocurrencies as an escape from government policies and inflation.
