Binance CEO said that Africa is ready to accept cryptocurrencies


Changpeng Zhao, CEO of the Binance cryptocurrency exchange, met with the presidents of Senegal and Ivory Coast. The meetings were held as part of an initiative aimed at stimulating the introduction of cryptocurrencies in Africa and beyond.

Binance CEO Changpeng Zhao (CZ) tweeted on July 6 about meeting with Senegalese President Macky Sall and representatives of the central bank.

CZ did not disclose details of the meeting and did not name the central bank officials who attended it. He also shared about the gift-exchange with President Sall. CZ said:

"Mr. President gave us a beautiful painting by a local artist, I haven't opened it yet. Later I will share a photo. We gave him a BNB coin (a coin in a case)."

Zhao posted a tweet about the meeting in Senegal just a few hours after Binance Africa posted photos of CZ from the meeting in Ivory Coast. The Palace of the President of the Republic of Ivory Coast also wrote about the negotiations between President Alassane Ouattara and Changpeng Zhao.

Zhao explained in tweet why the African continent, where millions of people are still financially isolated, is "ready to accept cryptocurrencies."

CZ, who also held talks with the leaders of El Salvador and Kazakhstan, said in another tweet that he was "working on the introduction of cryptocurrencies around the world."

Most of the Twitter followers praised the Binance CEO for his efforts, but one Twitter user under the nickname "e-king" questioned the CEO's statement that Africa is ready for the introduction of cryptography.

"Do you really think that non-bank people in Africa have access to smartphones and the internet?", the user asked.

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