Major global crypto exchange Binance is launching a Blockchain and Cryptocurrency Awareness Tour (BCAT) in Africa, a crypto awareness tour within a certain location as cryptocurrency adoption continues to be a popular trend in the continent. The goal of the tour is to spread awareness about blockchain and cryptocurrencies as well as educate people across Africa. Besides that, it is expected to facilitate real-world adoption, empowering millions of people across the continent to use cryptocurrency in the process.
The campaign will begin on June 4 from South Eastern, Nigeria. Then it will move all over Africa to countries like Uganda, Ghana, Cameroon, etc. Theo Post by Binancethe event will have up to 5000 Africans.
Binance has been a sponsor of the Blockchain and Cryptocurrency Awareness Tour since 2019 when the program was first introduced. It is backed by CryptoTVPlus, a popular blockchain and electronic money media house from Nigeria. At that time, the program was mainly aimed at students. Students will generally be better positioned on how to make a lasting impact on their society given the multitude of opportunities that blockchain technology presents to its enthusiasts.
In 2020, BCAT takes place online because of the coronavirus pandemic. Hitherto, Binance claims educational tours have reached more than 60,000 people. Among other sponsors this year, key participants include global Decentralized Finance (DeFi) platform Xend Finance, decentralized esports and betting platform Sportrex, crypto wallet service Lead Wallet and crypto payment provider BoundlessPay.
However, this year’s version of the tour will lean heavily towards the popular play-for-money economies, non-fungible token (NFT)and reverse. While Africa is still far behind when it comes to cryptocurrencies contributing to the economy, users have been able to use the asset as a tight alternative to failed payment systems in the region. area.
In a survey published by the end of 2021 of Chainalysis, the main drivers of adoption across Africa are peer-to-peer payments and savings among others. Like in major developing countries, Nigerians are looking at cryptocurrencies as a means to escape some government-declared policies and inflation. The awareness tour will also seek to establish a common space where cryptocurrency discussions will be conducted.
