Binance: Helping To Build Financial Freedom in Africa With Cryptocurrency and Blockchain

Binance: Helping To Build Financial Freedom in Africa With Cryptocurrency and Blockchain

Emmanuel Babalola is the director for Africa at Binance and the interim CEO of Bundle , the Africa-focused social payments app for cash and crypto, driving crypto adoption on the continent. Babalola implemented and drove take-up of the Binance Masterclass in Africa, free crypto classes for over 400,000 Africans on topics ranging from user protection to building a career in blockchain. Speaking to The Fintech Times Babalola explains how and why the crypto uptake in Africa is such a good thing: While much hyperbole has been made of the future of cryptocurrency, the number of global users has been steadily growing over the past few years and has proved a lifeline for many in the wake of the pandemic. Indeed, on the continent of Africa crypto trading has been taken up by millions of people and it now boasts one of the largest crypto trader user numbers anywhere in the world. Akin to the other big users like Southeast Asia and Latin America the key driver is socioeconomic . Many millions of people live below the poverty line, and many more suffered as a result of pandemic-enforced lockdowns. Across Africa – and particularly in Nigeria – currency devaluation, low uptake