Binance Sponsors with AFCON To Develop African Crypto Market
In terms of crypto adoption, the African market has been growing steadily over the past year. It’s a goldmine for the crypto market and it wouldn’t be surprising if altcoins or crypto exchanges are sponsoring African events to get their hands on potential customers and investors.
Binance is sponsoring AFCON
With this in mind, Binance is planning to sponsor the 2021 Africa Cup of Nations (AFCON) tournament. They are partnering with the Confederation of African Football (CAF) and plan to promote their social media content as well. This marks a record in cryptocurrency history since this sponsorship is the very first tournament sponsored by a crypto and blockchain company.
The General Secretary for the CAF, Veron Mosengo-Omba was very happy with the sponsorship and he welcomes Binance with open arms. The Mosengo-Omba even stated that this sponsorship will take African football to the next level.
The best thing about Binance’s partnership is that it provides opportunities for more Africans. They will provide financial services for Africans who have limited access to banks as well as give them free classes regarding crypto.
Overall this is very positive news for both Binance and the CAF, AFCON 2021 looks very promising as it promotes both football and crypto across the continent.
* We hope this information will help you in your investment process, but this is not investment advice. Every investment carries risk, especially in this industry, so DYOR before making a decision.