Binance CEO Meets With Ivorian President To Discuss Crypto

Summary:

  • Changpeng Zhao and President HE Mr. Alassane OUATTARA met this week.
  • Discussions focused on cryptocurrencies in the country’s economy.
  • Commercial exchanges were also a topic during the interview.
  • Other members of government including Minister of Economy and Finance, Mr. Adama COULIBALY, were present as well.
  • The Republic of Côte d’Ivoire is CZ’s latest visit after trips to the Middle East and Central America.
  • Zhao tweeted that Africa is primed for crypto adoption.
  • Binance has a presence in Africa and was a sponsor for one of the largest continental sports tournaments – the African Cup of Nations (AFCON).
  • The exchange itself is available in countries like Nigeria. 

Binance CEO Changpeng Zhao visited The Republic of Côte d’Ivoire to discuss the burgeoning world of cryptocurrencies as part of a global mission to incentivize broader crypto adoption and blockchain integration. 

During the visit on Tuesday, Zhao met with the country’s leader and Head of State, President HE Mr. Alassane OUATTARA. The pair supposedly spoke about cryptocurrencies and possibly adopting blockchain technology on a national scale.

Other key government officials including the Minister of Economy and Finance, Mr. Adama COULIBALY, and the Deputy Secretary-General of the Presidency of the Republic, Mrs. Masséré TOURE- KONE were present for the meeting.

Notably, Zhao requested President OUATTARA’s support as regards introducing crypto trading and other digital asset facilities to local commercial exchanges, per the official statement from the government.

Shortly after, CZ tweets his thoughts on crypto adoption in Africa and how he believes that blockchain has a major role to play in the continent.

Africa is primed for crypto adoption. 10-20% banked. Need financial access and inclusion. Blockchain provides that with a smart phone.

Indeed, Binance has established a presence in Africa and is available in countries like Nigeria. The exchange also sponsored the AFCON tournament which was held earlier in 2022.

CZ And Binance Drive Crypto Adoption

In 2022 so far, Zhao has visited several jurisdictions and met with top government officials to talk about cryptocurrencies. The Binance chief recently had meetings with El Salvador’s Nayib Bukele and the Crown Prince of Bahrain as well.

CZ said the meetings have been about driving crypto forward and paving the way for widespread adoption, and regulatory oversight where needed.

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