Binance, one of the world’s biggest blockchain ecosystems and cryptocurrency infrastructure providers, announced on Wednesday that it would open a crypto education hub in Yaoundé, Cameroon.
In conjunction with the non-profit digital hub Inoni tech, the hub will provide resources and training for young people around Francophone Africa. The center’s establishment is part of an effort to boost crypto literacy and adoption in the region.
According to a statement released by Binance, the regularly scheduled skills training sessions that will take place at the hub will serve to increase the number of career prospects available to Cameroonians.
Binance says this is the “first-of-its-kind” crypto-focused hub and will be a place where people can learn about blockchain in person.
Binance hopes this hub will help crypto fans connect offline and give them access to more resources in the ecosystem.
The hub will be in the Bastos neighborhood of Yaoundé, about 300 meters from the restaurant The Famous.
The center’s goal is to become the community’s go-to location for up-to-date news and information on cryptocurrencies and training and educational opportunities. It will do so primarily through regularly scheduled in-person events.
According to Carine Dikambi, the Francophone Africa Lead at Binance, “Africans continue to interact with crypto in a completely distinct way, establishing some of its most important use cases and potential for broader financial inclusion.”
We believe that a more on-the-ground approach, like the one provided by the Binance Crypto Hub, is vital in demystifying the concepts. We are promoting an accurate understanding of the various opportunities that Cameroon’s education system, Web 3.0, and blockchain ecosystem can bring to Francophone Africa.