Binance educates 400,000 in Nigeria, others – Punch Newspapers

Published 27 September 2021

Binance has offered over 400,000 individuals in Nigeria and other African countries free crypto education classes on topics ranging from user protection to blockchain.

In a statement, the company said that through its academy, it was offering ongoing free crypto education classes in Africa, where crypto interest and adoption continued to increase.

It added that it was at the forefront of blockchain education, equipping crypto beginners with resources for lifelong financial and career development.

Binance said, “Since its inception in January 2020, the Binance Masterclass has provided free crypto education to over 400,000 Africans.

“Due to many crypto beginners often being victims of crypto scams from bad actors, the free webinars were primarily targeted at helping users understand the fundamentals of cryptocurrencies, how to identify scams and keep their crypto safe as they get started on their crypto journey.

“As the global pandemic surfaced and many individuals lost jobs, lost income and were forced to stay home, the classes also focused on teaching new skills such as crypto trading and careers in blockchain development.”

The company said it only educated 70,000 Africans in 2020, but had doubled down on its efforts, providing education resources to over 177,000 Africans in the first quarter of 2021 and over 179,500 in Q2 2021.

Director at Binance Africa, Emmanuel Babalola, said, “Blockchain education is at the heart of our 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.”

The company said aside from training newbies, it was dedicated to training blockchain developers and equipping them with tools and skills required to build.

It added that in Q1 2021, it trained over 1000 blockchain developers in Africa and created a $1m fund for African developers.

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