In the quest for the largest cryptocurrency exchange to cut across the globe, the CEO of Binance, Changpeng Zhao, “CZ” held a consultative meeting with various officials in Côte d’Ivoire as his crypto exchange seeks to expand its presence in Africa.
Interestingly, Africa is the second-largest populated continent globally with about 1.5 billion people, research revealed that 2% of this great population involve in cryptocurrencies yet 80-90% of the population live an unbanked lifestyle. This implies that crypto has a lot of space to fill in this part of the world.
CZ revealed in a tweet on Wednesday, “Africa is primed for crypto adoption,” noting that blockchain provided that with a smartphone. In another tweet, he noted that they were “Working on adoption, all around the world,”
In the course of the Cz’s meeting with the Ivory coast president, he made mentioned some good things concerning the crypto industry and why everybody should embrace it. In the discussion, he made known to the president, the Minister of Economy and Finance alongside other top-ranking government officials the Economic, Financial, and The regulatory implication of integration into Côte d’Ivoire’s financial system.
More also, he made known to the president OUATTARA and the Government the bright side of crypto adoption and also made requested for the integration of this activity into the country’s commercial exchanges. it is good to know that this will be the second time, CZ is meeting with the African head over cryptocurrencies and Web3 after a similar meeting in 2018 with Uganda’s Yoweri Kaguta Museveni.
As covered by Cryptolifedigital some weeks ago, the CZ’s zeal to cover the whole world is known to everyone, even when most of the co-crypto exchanges are getting their staff reduced day after day, Binance has set out to always increase its labor force. More also, Binance continues to expand operations and roll out fund expenditure regardless of the bear market then.
It is no secret that Binance is keen to get its hands firmly on the crypto space and for the CEO, CZ app integrations and payments are meant to up the ever-available Binance brand awareness. Right from the inception of the pandemic, covid-19, CZ has gotten a world tour, establishing the crypto and Binance pay in the nook and cranny of the countries and investors across the globe.