Cryptocurrency exchange FTX has agreed to a new partnership with AZA Finance to “expand the adoption of Web3 and digital currencies throughout Africa.” The two will cooperate to “onboard African NFTs and artists onto the FTX NFT marketplace.”
AZA Finance said in a statement that the partners will work to “create pathways for African users to participate and learn about the Web3 economy including educational resources & networking opportunities.”
In addition, the firms will be looking 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, the CEO and founder of AZA Finance, 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.”
Sam Bankman-Fried, CEO and Founder of FTX, said:
“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.”
AZA Finance currently operates in 10 African countries where it offers foreign exchange, payments, and financial services. It has also executed global transactions valued at over $260 million “across 115+ countries and 300+ currency pairs,” the statement explains.
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