Binance Charity offers 1000 scholarships to African youths

For a one-year intensive skill training programme, Binance Charity, the humanitarian arm of cryptocurrency and blockchain company Binance, is providing scholarships for 1,000 Africans.

The project will be carried out in collaboration with Utiva, a business that provides technology education in Nigeria. Through this programme, the two businesses hope to teach technology to 50,000 young people.

Eyitayo Ogunmola, CEO of Utiva, said “Africans are intelligent and hardworking, but most times, the limits of resources can be a big limiting factor when following a desirable aim like moving into technology.

In addition, he said, “We are thrilled that Binance Charity has collaborated with us at Utiva to assist thousands of Africans and lower the entry hurdle for many.”

The cooperation aims to open up new avenues for the continent’s economic success by providing market-relevant skills.

The larger Binance Scholar Program, which debuted earlier this year, includes this programme. The initiative is already running in Brazil, France, South Africa, and Ukraine.

“We think that everyone should have access to Web3’s many advantages and prospects. To do this, tech education and professional training must advance. In order to engage youngsters across Africa and promote the continent’s upcoming generation of industry shapers, we are pleased to work with Utiva. Helen Hai, the director of Binance Charity, said.

The first platform for Transparent Donations powered by Blockchain is Binance. They promote revolutionary cryptocurrency giving, repurpose cutting-edge technology as philanthropic tools, and invest in blockchain innovation, research, and development.

Through direct crypto gifting solutions, they have the biggest influence on granting financial independence to those who are most in need.

By increasing transparency and solving complicated issues in the social sector, such as corruption, a lack of confidence in nonprofits, expensive international transfer costs, ineffective procedures, and a lack of responsibility in donor expenditure, they revolutionise international giving.