CryptoLocally Acquires Finance Bridge Trading Academy
CryptoLocally Acquires Finance Bridge Trading Academy
CryptoLocally, the world's first truly decentralized peer-to-peer trading platform, announced its acquisition of Finance Bridge Academy, Africa's fastest-growing online trading school. CryptoLocally intends to use this acquisition to launch the CryptoLocally African Academy, which will offer free online training courses tailored specifically for African users. Their primary objective is to promote financial inclusion by educating their users about cryptocurrencies and crypto trading.
CryptoLocally is one of the industry's leading peer-to-peer trading platforms. They support a large number of the market's most popular cryptocurrencies, as well as numerous high-performance blockchains. Indeed, they accept more than 50 coins. They are the first truly decentralized peer-to-peer exchange powered by their native GIV tokens and the first to incorporate DeFi functionality into their ecosystem through their Finance Wallet.
About Finance Bridge Academy
Finance Bridge Academy is a strategic trading and investment education firm with over six years of financial market experience. It has been offering paid trading courses to Africans, primarily in Nigeria and Ghana, with the goal of educating them on how to maximize their profits from trading this new asset class. These previously-paid online courses are now available for free to all registered users on CryptoLocally's peer-to-peer platform.
The launch of the CryptoLocally African Academy demonstrates the company's ongoing efforts to increase cryptocurrency adoption and to spread free cryptocurrency literacy throughout Africa. This acquisition paves the way for future expansion of courses in other African jurisdictions and other parts of the world, particularly Asia. This is the first step toward the establishment of a larger international crypto academy.
CryptoLocally is launching an education program with an emphasis on Africa in response to the failure of traditional financial institutions to provide financial services to the masses. Their antiquated and frequently unethical banking practices are designed to safeguard the interests of a select few.
“Africa is home to millions of tech-savvy youth who are extremely eager and receptive to technological innovations, particularly those that promise financial freedom and stability,” says Hugo Campanella, co-founder of CryptoLocally. “Needing and eager to learn, they are the ideal demographic to introduce this burgeoning asset class that will revolutionize financial services in the near future and pave the way for a more equitable regional financial system.” Hugo Campanella was also included.
Output of Acquisition of CryptoLocally so far
The acquisition of CryptoLocally is expected to bolster Africa's impressive crypto flow. Nigeria has traded $566 million worth of Bitcoin over the last five years, the second highest volume in the world. Since 2017, Nigeria's Bitcoin trade volume has increased by at least 19 percent annually. In terms of Africa as a whole, monthly crypto transfers under $10,000 to and from Africa increased by 55% over the last year (Edward-Ekpu). This demonstrates that cryptocurrency is becoming a more popular financial asset and, potentially, a store of value (DW).
Previously, CryptoLocally announced their first incubation partnership with GemsLab, a Ghana-based game studio. The game studio specializes in developing simple, exciting, and easy-to-learn blockchain-based games with the goal of educating the general public about crypto and blockchain.
CryptoLocally is expanding its presence in Africa, which has been identified by numerous pundits and industry leaders as one of the regions that will benefit the most from revolutionary technologies such as cryptocurrency and blockchain. Additionally, it represents one of the most promising growth areas for cryptocurrency usage, given the ongoing digital revolution and less-than-ideal traditional financial landscape.
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