Africa has proven to be a fertile ground for everything crypto and Binance is expanding its technology to the continent and seeking to establish the potentials of the blockchain to its consumers after it is established. The CEO of Binance, ChangPeng Zhao was at the African Blockchain Conference last week in Kampala, Uganda. Zhao expressed how Binance was looking forward to contributing to the efforts of Uganda with the blockchain. He also expressed his desire to add Kenya and the rest Countries to its platform.
Zhao explained, “Uganda is a very good point to start, but we want to expand across the whole of Africa. They don’t just want to limit themselves by creating a local community in Uganda.” He also added, “We have tremendous interest in working with various organizations and we are always looking to partner up with as many organizations as we can.” The African Blockchain Conference created an avenue to grow the blockchain technology in Africa. President Yoweri Museveni of Uganda expressed the need for the blockchain technology and how it can help the citizens.
On the other hand, the Chairman of the Blockchain Association of Uganda, Kwame Rugunda explained,
“The conference will concrete mainly on how we can create an ecosystem based on blockchain and this would be an opportunity to position ourselves to be a vital park of global talks based on blockchain technology. Improved transparency and accountability in our governments and enterprises are one of the few benefits of including blockchain technology. These are the key factors in catapulting the economic growth of Uganda and making it an investment destination.”
With over 21 countries represented at the conference, it shows that the continent is indeed thirsty for growth in the blockchain technology. Binance has already started making plans to grow the technology in the continent by partnering with Crypto Savannah to help improve the Ugandan economy and even create employment for young adults.
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