Binance made it obvious that it intended to create a long-term presence on the continent when it became the official sponsor of the most recent edition of the Africa Cup of Nations at the beginning of the year. Following a trip by its CEO, Changpeng Zhao, to Côte d’Ivoire, where he was personally welcomed by President Alassane Ouattara, the exchange has just reiterated this goal. The two men spoke about cryptocurrencies and the projects that Binance wants to start in Côte d’Ivoire during their conversation.
To establish itself in Ivory Coast, CZ looks to the government for assistance and support.
Changpeng Zhao would be given an audience by the president of Côte d’Ivoire on July 5, according to a tweet from the presidency’s official account. The Deputy Secretary General of the Presidency, Masséré TOURE-KONE, as well as the Ivorian Minister of Economy and Finance, Adama COULIBALY, participated in this early in the afternoon. The exchanges centered on the adoption of cryptocurrencies in the nation using their services.
- “ We mainly discussed economic and financial issues, especially access to cryptocurrency, which today is part of the economic activities of different countries around the world. We are counting on the support and backing of the Ivorian government to enable us to be present in future trade ,” said Changpeng Zhao at the end of the hearing. He also took the opportunity to assert that the adoption of cryptocurrencies and blockchain will improve financial accessibility on the continent.
Binance is actively preparing its arrival in Africa
The purpose of Changpeng Zhao’s trip is to meet with national leaders in order to promote the extension of the exchange. After leaving Côte d’Ivoire, the CEO of Binance travelled to Senegal, where President Macky Sall welcomed him. He took advantage of the chance to strike a collaboration with JokkoLabs for blockchain awareness and education while he was in the nation of Teranga.
A training program for the exchange has already begun in French-speaking Africa, specifically in Benin, Cameroon, the Ivory Coast, and Togo. Participants will be able to deepen their understanding of cryptocurrencies and blockchain technology through this program, called Crypto Academy. Additionally, students will have the chance to immediately put their newly gained skills to use.
Binance has stated time and time again that it will abide by the laws in the various regions where it desires to operate. The CEO of the exchange is able to gather information during the meeting with President Ouattara in order to ensure the establishment of peace in the nation. Binance has successfully established itself in Spain while waiting to dominate the African market.
