.BinanceAfrica sees growth in crypto accounts from South Africa. crypto-currency DigitalEconomy crypto Binance
is ramping up its online-based crypto-currency learning academy in South Africa, in preparation for mainstream adoption of crypto in the long-term.
In preparation for increased uptake, Binance has been engaging SA’s higher learning institutions, to look at ways to scale its, an open-access learning hub that provides free blockchain and crypto education in over 10 languages. While Binance opened shop locally in July 2022 − taking on crypto exchanges such as Luno, AltCoinTrader, Ovex and VALR − the Binance mobile app has been available in SA since it made its global debut in app stores in 2017.
While Binance has seen growth in South African crypto accounts on the platform, Wessels could not disclose user numbers. He notes many Binance account-holders also have other accounts with crypto exchanges − reflecting a healthy growth trend locally.over 5.8 million people – 9.44% of SA’s total population − currently have crypto-currency accounts.
According to Wessels, the first step to increasing mainstream adoption of crypto in SA and across the continent is improving access to crypto-currency-based financial services to ensure adoption across the entire value chain, including the retailers and banking sector.
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