“2022 is the year for taking crypto mainstream,” says Binance Africa director Emmanuel Babalola
By
‘Tofe Ayeni
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Posted on
January 20, 2022 15:36
Emmanuel Babalola, director for Africa at crypto exchange giant Binance, speaks to The Africa Report about the company’s plans for the continent, the 589% increase in the trading volumes of African users on the platform, and how to convince skeptics concerned about fraud, capital flight and environmental damage linked to Bitcoin.
Binance is the world’s leading blockchain ecosystem and cryptocurrency exchange, trading $76bn daily according to CryptoCompare.
Now, Binance director for Africa Emmanuel Babalola says that 2022 is the year for “taking crypto mainstream”.
To do that, Binance will have to face down a range of skeptics: from those who see it as a way to commit fraud or avoid tax, central banks that are concerned