Binance Academy BIBF seeks to hone the skills of blockchain and cryptocurrency professionals in Bahrain
The Bahrain Institute of Banking and Finance (BIBF), a semi-government institute specializing in financial education, has partnered with Binance Academy to hone the skills of professionals in the blockchain and cryptocurrency space.
Under the partnership, the two entities will offer a range of trainings, workshops, participatory programming, and events to professionals and students looking for jobs in the blockchain and cryptocurrency sector.
Tamim Al Mousawi, General Manager of Binance Bahrain, said that the partnership will help promote and advance the country’s development and nurture local talent in the FinTech sector, adding:
“Our goal with this partnership is to impart the necessary knowledge and skills, to help people learn, develop, and excel in the blockchain and web 3.0 sectors.”
Binance Academy, the exchange center that provides free education in the blockchain and cryptocurrency sectors, held Workshop At the Bahrain Institute of Banking and Financial Studies office.
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This partnership comes in conjunction with the growing interest of developers in emerging technologies, including blockchain, cryptocurrency and non-fungible tokens (NFTs), in the Kingdom and countries in the Middle East and Africa.
According to a Q3 2022 survey conducted by SlashData, a platform that specializes in analyzing developing economies, 25% of those surveyed said they are developing or learning about blockchain applications, other than cryptocurrency.
Additionally, around 28% said they are interested in developing blockchain applications, while 25% answered that they would like to work on cryptocurrency projects. Meanwhile, 21% of those surveyed were interested in developing non-fungible tokens (NFTs).
According to a recent study by Alchemy, the rate of web 3.0 development increased by 453% in the fourth quarter of last year despite a loss of investor confidence following market volatility, mass layoffs, fraud and bankruptcies.
It is worth noting that Bahrain’s receptive attitude to virtual assets has made it an emerging hub for cryptocurrencies, as many companies have started setting up their businesses in the kingdom, along with local entities that have started adopting cryptocurrency payments.
According to a study conducted in October by blockchain analytics firm Chainalysis, the wider adoption of assets in the Middle East and North Africa has made the region the fastest adopter of cryptocurrency in the world.