Crypto Exchange FTX Partners With AZA Finance ‘to Expand the Adoption of Web3 and Digital Currencies in Africa’ – Emerging Markets Bitcoin News

Sam Bankman-Fried’s FTX is partnering with AZA Finance to expand the use of digital currencies and Web3 in Africa. Through this arrangement, the two companies will also work to “onboard African NFTs and artists onto the FTX NFT marketplace.”

Promoting the adoption of Web3 in Africa and Cryptocurrency in Africa

Hong Kong-based cryptocurrency exchange FTX recently announced the start of a partnership with AZA Finance, whose objective is to “expand the adoption of Web3 and digital currencies throughout Africa.” This also includes non-fungible tokens (NFTs).

A statement released by AZA Finance said the two companies will work to “create pathways for African users to participate and learn about the Web3 economy including educational resources & networking opportunities.” The statement added that the two firms are also hoping to “Make it easier than ever to deposit and pay out in African currencies on FTX.com, including mobile money and local bank account integrations.”

Elizabeth Rossiello was the founder and CEO of AZA Finance. She stated in her remarks that she is available to support FTX’s expansion across Africa. She said:

As we built Africa’s largest platform for trading African currencies, one thing has been clear – that this continent is the future of global, digital economies. After serving these booming enterprises for years, we know that the next generation of users, creators & builders for the Web3 economy is undoubtedly African.

AZA Finance operates in 10 African nations and offers financial services, including foreign currency, payment, and payments. It has also executed global transactions valued at over $260 million “across 115+ countries and 300+ currency pairs.”

NFTs in Africa: How to Get Onboard

AZA Finance’s track record in Africa, as well as the experience of Rossiello and her team, were some of the factors which prompted FTX to start the partnership, Sam Bankman-Fried, CEO and Founder of FTX, is quoted explaining. He also stated that such an arrangement would likely boost his company’s presence in Africa.

“We look forward to working closely with them, and the local regulatory bodies, to bring all of our products and services to the African market in a compliant way. Additionally, we look forward to doing our part locally by supporting efforts by artists & creators in the community,” Bankman-Fried explained.

In addition to building the Web3 infrastructure, the two companies said they will work to “onboard African NFTs and artists onto the FTX NFT marketplace.” They will also launch African currency and digital currency trading pairs, the statement said.

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Terence Zimwara

Terence Zimwara, a Zimbabwean journalist, writer and author who has been awarded the Zimbabwe Booker Prize. He is a prolific writer on the economic woes of African countries, as well as digital currencies that can be used to provide an escape path for Africans.