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Binance to equip Ugandans with free bloc chain, cryptocurrency skills


Kampala, Uganda | THE INDEPENDENT | Binance has unveiled free classes to Ugandans as it continues with its mission to increase the freedom of money for users, drive blockchain adoption and enable greater accessibility to a wider population globally.

Through the Binance Academy, the company remains at the forefront of blockchain education, equipping crypto beginners with resources for lifelong financial and career development. The Binance Masterclass has already provided free crypto education to over 400,000 Africans since its inception in January last year.

The company, which had educated over 70,000 Africans in the first year of the launch of the Masterclass, has since doubled down on its efforts, providing education resources to over 177,000 Africans in Q1 2021 and over 179,500 in Q2 2021- creating the education infrastructure Africans need to be financially free and informed.

Emmanuel Babalola, Director at Binance Africa said blockchain education is at the heart of their focus in the global market.

“As a blockchain infrastructure provider, we are committed to ensuring that more and more people have access to the right information about the workings of the ecosystem. Africa is a very important market for Binance because we see the profound opportunity blockchain brings to the entire continent,” he said.

Babalola said in addition to training newbies and enthusiasts, Binance is also dedicated to blockchain developers and equipping them with tools and skills required to build solutions and emerge as exceptional blockchain talent.

For instance, in Q1 2021, Binance trained over 1000 blockchain developers in Africa and allocated a $1million fund for the African developers.

The 8-week masterclass was concluded with a demo show by top attendees showcasing newly built products using blockchain technology and skills acquired from the developer course.

This comes at the time central banks in more than 50 countries are exploring issuing digital currencies as a form of payment.

Latest data from Chainalysis 2021 Global Crypto Adoption Index shows that global adoption of cryptocurrency has taken off in the last year, up 881%, with Vietnam, India and Pakistan firmly in the lead, according to CNBC reports.

The report indicates that most of the top 20 countries are emerging economies, including Togo in Africa, Colombia and Afghanistan.

Meanwhile, the United States slipped from sixth to eighth place, and China, which cracked down on crypto from March 1 to May 31 dropped from fourth to 13th.

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