As blockchain technology gains more popularity across Africa, Bekonta is raising awareness for more crypto user education in Nigeria. This is geared toward helping Nigerians understand the blockchain ecosystem so that they can position themselves to benefit from this wealth transfer era.
Through their automated platform, Nigerians can buy tokens like Ethereum, BNB, USDT, BUSD, Tron, etc, that grant them access to explore the crypto world and create wealth for themselves.
The Need for Blockchain User Education
Bekonta hopes that raising awareness about educating users on blockchain technology will accelerate crypto adoption as African entrepreneurs keep developing solutions and creating more use cases for cryptocurrencies.
Additionally, the Nigerian Fintech startup is working towards creating an ecosystem that ushers Nigerians into a world where crypto plays a significant role in their everyday lives.
For instance, through the Bekonta app, Nigerians can easily pay for utilities like electricity bills, TV subscriptions, even topping up their airtime, and more.
A major part of the success of crypto adoption in Nigeria has been due to user education – people who understand how it works took advantage of what this new technology had to offer.
The Nigerian crypto space may not be at its peak right now as there are still a lot of people around who are unfamiliar with digital currencies but Bekonta hopes to change that soon.
A survey by Luno found that 55% of Nigerians do not know crypto, while South Africa and Kenya recorded 56% and 64% respectively.
A major barrier preventing people from exploring the crypto space was a lack of knowledge about the blockchain. A Coinbase survey also showed that many people have expressed a strong desire to begin learning about new and different crypto assets beyond Bitcoin, but didn’t know where to begin.
Now, we see celebrities, artists, and influencers launching their NFTs as these tokens provide more use cases for their communities to get into the crypto world. In as much as crypto adoption in Africa is in its infancy, the more these blockchain conversations are triggered across sectors, the more we see new use cases for crypto here in Africa.
So Bekonta encourages other Nigerian crypto companies not to only educate their users about the benefits of owning and investing in cryptocurrency, but also to share more about the use cases and real-world applications of blockchain technology, so users can see firsthand how crypto can be beneficial to their daily lives.
Bekonta co-founder, Seth Reuben explained, “Blockchain technology is evolving at a fast pace. Hence, it is important to bridge the knowledge gap for the average Nigerian youth so they can tap into the various career and investment opportunities this sector brings.”
‘Crypto has come to stay and we hope soon enough, everybody will get involved.”
How User Education Will Improve User Safety
With the acceleration of crypto adoption, crypto scams are also on the rise. Many fake platforms are out there to swindle people’s funds. So, users must stay informed about these phishing scams to protect their wallets.
Here are some safety tips for crypto users to keep their accounts safe:
- Don’t use the same password for your crypto-enabled accounts.
- Properly verify any link you see on the web before you click.
- Turn on 2-Factor authentication on your devices and accounts.
As the blockchain industry provides opportunities for Africans to escape poverty, there is a need for more people to understand what blockchain entails, why it is important, and how they can make use of it to improve their lives.
User education will play a crucial role in helping mainstream crypto adoption in Nigeria.
Want to get started on your cryptocurrency journey? Sign up for bekonta now and enjoy the cheapest rates when you buy BTC, USDT, BNB, ETH, TRX, and more!
Bekonta is an automated platform that enables you to Buy, Sell or Store your Bitcoin (BTC), Ethereum (ETH), Tron (TRX), Binance Coin (BNB), and More securely. We encourage more Nigerians to learn more about the blockchain space and get involved.