November 23, 2022

Binance-Sponsored Crypto Tour Organizer Says Campaign Was A Success

A crypto enthusiast and organizer of the Binance-sponsored Blockchain and Cryptocurrency Awareness Tour (BCAT) recently held in Nigeria, has dismissed reports that he was arrested by security guards who were scared off by large crowds following the campaign. The enthusiast said the high number of people who attended the BCAT tour proves that Nigerians “want to continue exploring blockchain and cryptocurrency and improve their lives.”

Nigerian interest in crypto and blockchain is growing

A Nigerian blockchain and crypto educator, Tony Emeka, clarified that security guards who made an appearance at a Binance-sponsored educational event, which he organized, did not arrest him according to reports. He suggested that the massive crowds attending the African Blockchain and Cryptocurrency Awareness Tour (BCAT) feature in Nigeria’s volatile southeast had baffled security guards, prompting their search for the organizer of the event.

According to Emeka, who is also the founder of crypto publication Cryptotvplus, he explained to security guards the purpose of the event and why Nigerians attended the tour in such large numbers.

“We made them understand what we were doing. The BCAT Africa event was expected to show Nigerians the opportunities in the digital space, especially in the blockchain and cryptocurrency industry. They were happy with what we were doing. I wouldn’t say I was arrested,” Emeka explained.

Emeka also told News that the surprisingly large number of people present the BCAT Africa tour – more than 7,000 people by some estimates – showed that despite the Central Bank of Nigeria (CBN) directive of February 5, 2021, Nigerians are still very interested in cryptocurrencies and their underdeveloped technology. underlying, the blockchain. He said:

People are hungry for knowledge, they want to keep exploring blockchain and cryptocurrency and improve their lives. The February 5, 2021 CBN directive came as a shock to many people, and it affected many crypto companies, and for individual investors, it was difficult to convert crypto to fiat, but that’s where the P2P came to rescue, and since then it has been the way to convert crypto to fiat and vice-versa.

Although he admits that the CBN restrictions initially made it difficult for individual investors, Emeka says many Nigerians have since adapted well to the new reality. Still, Emeka said the Nigerian government must “remove the limitation”.

Interest beyond cryptocurrencies

When asked if the BCAT Africa educational tour was a success, Emeka replied, “Yes! I believe 100%. In fact, after the event, we would tick our lists to see if we had achieved everything we had planned. The result was beyond our imagination. We wanted to show Nigerians the things that are possible and within reach, and we did.

Meanwhile, Chiagozie Iwu, CEO of Naijacrypto, a local cryptocurrency exchange, told News that the huge crowds seen in Enugu are proof that interest in digital currencies remains strong.

“The crowds I saw at the recent Enugu BCAT show that there is a strong enthusiasm among young people in South East Nigeria to learn more about blockchain. We have seen that the interest goes beyond- beyond cryptocurrencies but understands how to build a career in the blockchain industry,” said Iwu.

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Terence Zimwara

Terence Zimwara is an award-winning journalist, author and writer in Zimbabwe. He has written extensively on the economic problems of some African countries as well as how digital currencies can provide Africans with an escape route.

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