In the latest bitcoin news, Binance Director Benjamin Rameau announced that Africa is currently the center of the most important expanding strategy.
Binance started actualizing this strategy by opening a fist even Fiat-Crypto exchange in Uganda. Rameau firmly believes that the future of the platform is in Africa. He believes that the same strategies that showed as successful in Asia can be used to bring the same success that it had over there.
His explanation continues addressing that unlike in developed markets where crypto competes with existing financial system; here crypto has the potential to create a brand new one in some parts of the continent in order to improve the financial situations for people who live there.
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According to CCN, right after Binance opening up in Uganda, the citizens of Uganda now have better access to financial services because of digital inclusion and wide adoption of different money platforms. Now, there are more Ugandans every day with access to formal financial services. If the strategy works out, a lot larger number of people including young people who are into technology will choose crypto as their first and best experience of a structured financial system.
‘’ Renewed optimism about the future will arise when people are given the freedom to take on risk. Households will have fewer children and invest more per child on education when parents can pre-finance their retirements. This will form the backbone to the modernization of African economies.”
Crypto has a potential to change the status quo with different forms of stores of value, smart contracts, and other blockchain-based solutions. This will also improve the economic opportunities for the young people across Africa and ultimately make the economy wealthier.
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