While digital wallet and virtual money are emerging as future trends of currency globally, Sri Lanka is also looking at it on a positive note. Dispelling the myths on crypto industry and bridging the knowledge gap on the lack of awareness on Binance as an ecosystem provider, is ‘our’ mission in Sri Lanka, says Raj [...]

Business Times

Binance is only an ecosystem provider in Sri Lanka

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While digital wallet and virtual money are emerging as future trends of currency globally, Sri Lanka is also looking at it on a positive note.

Dispelling the myths on crypto industry and bridging the knowledge gap on the lack of awareness on Binance as an ecosystem provider, is ‘our’ mission in Sri Lanka, says Raj Karan, Regional Strategy and Operations Director for Asia and Eastern Europe at Binance, speaking at a company event at the Shangri La Hotel on Thursday.

He said, “Our mission in Sri Lanka is focused on dispelling myths on crypto industry as well as bridging the knowledge gap on the lack of awareness on Binance as an ecosystem provider for blockchain and Web3 technology amongst the community in Sri Lanka.”

“While crypto is an integral component of our service, it is one among several other technological innovations we are focusing on. We have expanded our narrative to non-fungible tokens and we are continuing our innovation on avenues to expand in the industry vertical,” added Mr. Karan.

Binance’s education initiatives in the South Asian region has helped over 300 units to ideate and present solutions to issues that can be solved through blockchain technology across over 50 universities and colleges in the region. The organisation is looking forward to joining hands with local state and private sector universities and colleges in empowering and educating the local student bodies on heightened knowledge on the blockchain technology and Web3 transformation. .

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