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Binance in Africa: Recorded a surge in the number of new African users

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Photo credits: Muhammadtaha Ibrahim Ma'aji

I share very interesting news, which I have read about punching.com. I look at those countries whose inflation does not allow economic independence, and I see in the blockchain and in their monetary aspect a solution. In these days of strong signs of an arrival of a cycle bear market (May 2021), it seems crazy to decide to use cryptocurrencies as a currency in real life. It scares them a lot volatility. But be careful! Crypto today is an expression of the blockchain. Are there for example stablecoins? We will talk about them shortly because they are an important topic. If you are in a hurry and want to buy stablecoins, you can do it on Binance with my referral, clicking here. You will forever have 20% discount on exchange fees.

Is this your first time reading these pages? Nice to meet you.

I try, when I can, to update this logbook with news, but above all the interesting insights that I find in the world of cryptocurrencies and blockchains. This tour I found an interesting article.

It says Binance has reported a surge in the number of African users on its platform, where the volume of cryptocurrency transactions increased by 28,61% between January and April 2021.

The company experienced a 2.228,21 percent increase in P2P users on its platform, and 386,93% per cent of P2P volumes across Africa. Also, there was a 114,33% per cent increase in users across Africa between January and April 2021.

The world of cryptocurrencies continues to attract not only the eyes of large companies, but also the wallet (perhaps an e-wallet 😉): Ernst & Young Global Ltd has announced that it is investing 100 million dollars in blockchain technology. The company is investing this sum in the research, engineering and services of blockchain technology and crypto assets. EY Global President and CEO Carmine Di Sibio said: “Over the past five years, we have invested in blockchain and developed innovative solutions, establishing E&Y as a leader in this emerging industry. As blockchain adoption continues to grow and we see increased demand from E&Y customers, we are excited about further E&Y investments to meet their challenges and needs. "

Beyond what this guy and this company say, the increase in African adoption of an exchange platform like Binance I think it is very interesting. Countries like Nigeria, South Africa, Egypt, Algeria, Morocco, Kenya, Angola, Ethiopia, Ghana, Tanzania, are huge countries, with tens and tens of millions of people, some hundreds, who could gain access to personal finance, either centralized or decentralized, and owning their own assets. Without intermediaries, without having to trust the banks. For many it is difficult to access the bank, let alone the bank account.

And beware, here I am not talking about financial speculation, but I am talking about the poetic dream of being proponents of one's own economic destiny, without having to rely on a central body that if it likes me does not make me pay to send me a letter home to tell me that it has decided to unilaterally change the contract we signed.

If you want to join Binance and don't know how to do it, you have misread this article. But very bad! And you didn't click on any links in green.