- The West African nation of Côte d’Ivoire is diving into the cryptocurrency ocean.
- Alassane Ouattara, the president of Ivory Coast, met with Changpeng Zhao, the founder and CEO of Binance.
- Zhao urged the president and government of Côte d’Ivoire to support crypto trading integration in commercial exchanges.
Binance CEO Changpeng Zhao today met Alassane Ouattara, the president of Ivory Coast, to discuss economic and financial issues related to access to cryptocurrency.
The meeting was held to promote the use and adoption of cryptocurrency in Côte d’Ivoire. The interview largely focused on economic and financial issues regarding bitcoin access, as tweeted by Zhao on his Twitter (NYSE:TWTR) account.
Binance, the world’s largest cryptocurrency exchange by volume, is gradually extending its services to Africa. Zhao is on a mission to spread cryptocurrency and web3 adoption, having visited far-flung locations, such as India and the United States, to promote greater crypto and web3 usage.
On July 6, The Binance CEO posted on Twitter that Africa is eager to embrace cryptocurrencies. According to sources, 10% to 20% were saved in a bank account.
Zhao stated that Binance is committed to increasing the number of people who use cryptocurrency.
Notably, Binance recently signed a Memorandum of Understanding (MOU) with the Securities and Regulator Exchange of Cambodia (SERC) to help develop Cambodia’s digital economy.
According to rumors, Binance has been expanding its operations in Asia as a result of CEO Zhao’s cooperation with local authorities. Binance has seen an uptick in the number of users and cryptocurrencies supported, with wallets on the platform having multiplied by 240% in just two years.
During the market collapse, the exchange was swamped with numerous trade proposals.