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Blockchain News

FTX Partners with AZA Finance to Expand Web3 in Africa

The vision of the partnership is to increase the adoption of Web3 and digital currencies throughout Africa.

Written By Ritu Lavania
Published March 16, 2022 12:05 PM·Updated 3 years ago
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FTX to Expand Web3 in Africa

Today, FTX, a global digital currency exchange, announces its partnership with AZA Finance with the objective of increasing the adoption of Web3 and digital currencies in Africa. 

The official statement informed that both the firms will lead efforts to connect the Web3 economy with the unstoppable growth of the African continent.

In Brief:

  • The partnership aims to help African users to participate and learn about the Web3 economy.
  • The firms will also work towards encouraging African NFTs and artists with the FTX NFT marketplace.

Both the firms are planning to expand Web3 in Africa in ways like:

  • Building vital infrastructure to connect African markets to the global Web3 economy.
  • Helping African users to participate and learn about the Web3 economy including educational resources & networking opportunities.
  • Easy transactions on FTX.com, including mobile money and local bank account integrations.
  • Launching African currency and digital currency trading pairs.
  • Engaging African NFTs and artists with the FTX NFT marketplace.

On partnership, Sam Bankman-Fried, CEO and Founder of FTX said, “We’re excited to partner with AZA Finance to further expand our presence on the continent. We chose to partner with Elizabeth and her team because of the incredible work they’ve done across Africa.”

FTX never misses a chance to be in the news with its visionary business adventures. 

Just a day ago, FTX Europe became the first company to be granted a license to operate its virtual asset exchange in Dubai, UAE.

Speaking of Aza Finance, it is a leading force in African fintech as it is not just the African continent’s first digital currency exchange but also the first digital currency exchange worldwide to be run by a woman.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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