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:
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
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Source: Cryptocurrency - investing.com
