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What Binance is doing in Cameroon – TechEconomy.ng

Binance had a visible presence during the African Cup of Nations (AFCON 2021) hosted by Cameroon three months ago. After AFCON, Binance is doing something to help the locals.

| Binance as Lead Sponsor of CAF AFCON 2021 in Cameroon

Several Africans continue to live in poverty with minimal access to financial opportunities, quality education or good jobs.

Now, after Cameroon and francophone Africa in general, the world’s largest cryptocurrency exchange and blockchain ecosystem has made an effort to bridge this gap – by giving Africans greater financial access, offering blockchain education, guidance on acquiring new skills and to avoid fraud offers in the financial world.

Here are some of the steps Binance has taken to equip French-speaking Africans:

1. training

Binance is committed to providing crypto beginners with resources for lifelong financial and professional development.

The company has hosted several events to educate enthusiasts about and make a living from the opportunities in the crypto space. Binance is steadfast in ensuring that crypto enthusiasts are well-equipped with the right information and don’t fall victim to bad actors or scams.

Since launching the Binance Masterclass Education Series, Binance has educated over 541,000 Africans about cryptocurrency. Some of these events were held both offline and online for French speaking Africans.

Séverin Kouam, one of the attendees of the Binance event in Yaounde, Cameroon, which took place on December 4, 2021, said: “I accidentally entered the cryptocurrency space six months ago on the advice of a friend. But until now I haven’t mastered how this technology works. So this training is very welcome as it allows me to better understand how it works, the benefits but especially the risks associated with cryptocurrency so that I don’t get fooled when investing my money.”

Binance recently hosted its first offline meetup event in Ivory Coast and launched a Crypto Academy, a monthly training program in 4 countries: Benin, Cameroon, Ivory Coast and Togo for starters.

This academy works with 7 partners as Binance regularly works with local businesses to educate and support Africans and empower businesses.

2. Provision of financial opportunities

Through regular skills training and the services it offers, Binance is creating new employment opportunities for Cameroonians – and many are being lifted out of poverty and learning new skills to remain globally employable.

Binance is constantly showing Africans the diverse career opportunities in crypto and blockchain by hosting bootcamps and hackathons where students can work on real-time projects and apply the skills they have acquired.

Some of these students are employed in the workforce, have built their own businesses, started crypto trading and more.

Binance empowers Africans to find meaningful employment, empowering them to be self-employed and potentially employers.

Binance has also provided career and income opportunities directly from its platform. For example, users who have signed up for the Binance P2P Merchant Program and have been accepted into the Binance P2P Merchant Program can now provide liquidity for buyers or sellers on the platform, thus earning a living from the comfort of their own homes. Traders make multiple trades per day and make profits on each trade.

Binance P2P is a secure platform for conducting crypto trades with a robust security framework to ensure users enjoy a safe and secure crypto experience.

One of Binance’s P2P traders, *George, said: “I decided to become a Binance P2P trader after learning about how they work. I saw how much safer it was when my first trade on the platform was so smooth and fast.”

How Binance Offers Financial Opportunities to Cameroonians| … providing financial opportunities for Cameroonians

He added, “I was able to add a car to my garage and eventually I’ll be able to get an even better car – all thanks to Binance.”

3. Ensuring security and user protection

Binance’s top priority is user safety, as evidenced by all their activities and interactions with the community.

In general, Binance regularly takes safeguards to protect its users and ensure that fraudulent activities are prevented.

Protection mechanisms such as KYC, anti-money laundering measures and account restrictions have been put in place to ensure users are protected from fraud.

For this reason, Binance was also one of the first cryptocurrency exchanges to introduce a safe fund (SAFU) to protect users in extreme cases and constantly educates their users about security and protection.

The company also regularly implements new features to keep users safe. There are security updates, verified traders, and user safety initiatives on Binance P2P.

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