Binance , currently the largest cryptocurrency exchange per 24-hour volume of trade, announced a partnership with Crypto Savannah Ltd in Uganda, which seeks to support the country’s economic transformation.
The initiative aims to open thousands of jobs in Africa, and move investors to Uganda, according to Binance CEO, Changpeng Zhao
Binance will partner with Crypto Savannah Ltd, Aggie Konde and Helen Haiyu, to support Uganda’s economic transformation and youth employment through Blockchain , embracing the fourth industrial revolution. We will do this by creating thousands of jobs and bringing investments to Uganda . ” CZ
Crypto Savannah is a Blockchain Innovation Centerin Africa, while Aggie Asiimwe Konde, is the CEO of Msingi, “ an organization that is building industries of the future in East Africa, ” and Helen Hai is the CEO of Made in Africa Initiative.
However, what caused the greatest focus of attention is the suggestion that Binance is possibly expanding throughout Africa. Zhao’s next tweet, in response to a user who praises this move, only curiously suggests:
Meetings will be held this week to discuss the initiative, according to Crypto Savannah’s Twitter account : “ Develop something that is easy for the masses to use; it’s not about creating complex functions , ”Zhao told developers. Followed by the comment of the Uganda Blockchain Association, which stated:
My advice to young people is to focus on providing solutions to people who improve their lives, and the money will come later . ”
Binance currently has publicly listed offices in Hong Kong and Japan, although they do not disclose addresses for security reasons. They also announced that they would expand to Malta very soon, since the country is ” very progressive in regards to crypto and fintech .”
Binance’s move to Africa was a boost for the continent in the world of cryptocurrencies, and a helping hand for countries struggling with different difficulties.