According to Yahoo Finance, Bader Kalooti, Binance's director of expansion and operations in the Middle East and North Africa, expressed his optimistic views on blockchain technology and cryptocurrency in a podcast. He emphasized that Web3 and blockchain technology bring innovation and efficiency improvements to the Middle East and Africa. Kalooti said that Web3 is no longer just a "copy and paste" element in the Middle East and North Africa. It is a new paradigm, and Binance is actually innovating new technology trends in the region. "
At the same time, Binance is also committed to raising public awareness of cryptocurrency and blockchain technology to promote large-scale technology adoption. By launching the "Blockchain for Everyone" course, the content is translated into Arabic to introduce the basics of Web3 in an easy-to-understand way. Students who complete the course will receive an NFT certificate, hoping to reduce potential users' skepticism and uncertainty about new technologies.
In addition, regarding Dubai and why it has become the world's "cryptocurrency center", he pointed out that the global liquidity cycle is an important short-term driver for the development of cryptocurrency and blockchain technology in the Middle East and Africa. At the same time, Kalooti emphasized that blockchain technology can bring efficiency and transparency to the financial and technological fields in these regions. Kalooti also pointed out that although the total market value of the cryptocurrency market is only $1 trillion, the market will continue to grow as more applications and investors join.