CZ: The African market is a golden opportunity that no cryptocurrency platform should miss BlockBeats News: On February 13th, Binance founder CZ stated in an AMA that: I think if we look at all the cryptocurrency platforms, trading platforms, wallets, etc., or any commercial platform that has invested the most and put in the most feedback efforts in Africa, it may be Binance. I have been to over 12 African countries and we have received some feedback that we only want the most people to enter cryptocurrency. To be frank, the per capita GDP in Africa is generally lower than other continents in the world, so the business returns of doing business in Africa are lower compared to other regions. But I firmly believe that if we can empower the entire population of the African continent, their economic strength will grow, and in a few years, commercial returns will naturally come. In addition, Africa offers a very unique opportunity: the bank penetration rate here is very low, I can't remember more than 11%; At the same time, the penetration rate of smartphones is rapidly increasing. This means that people can jump directly into the world of cryptocurrency without going through banks. This is our true idea. So, in my personal opinion, this is a golden opportunity that no cryptocurrency enterprise or platform should miss. YZi Labs has been investing heavily in Africa since its early days, and we want to do more.