Crypto derivatives exchange FTX has entered into a partnership with payments provider AZA Finance to promote Web3 technologies in Africa.
According to the announcement, the companies will work together in several key areas, including support for deposits and withdrawals in fiat currencies of African countries, improving the Web3 infrastructure, creating opportunities for learning and networking, launch of new trading pairs and bringing African NFT creators to the FTX platform.
In November, FTX backed Chipper Cash, an African fintech unicorn that raised a $150 million in a Series C funding round.
Elizabeth Rossiello, CEO and founder of AZA Finance, has remarked:
“We are thrilled to be working with FTX and to help them grow across the African continent. Sam’s leadership, and his commitment to ethical expansion within Web3, is exceptional. 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. And as one of Africa’s first fintechs, operating for over 8 years with a team of more than 200 people from Dakar to Lagos to Kampala, we have the deepest knowledge on how to build a truly continental platform. We look forward to supporting FTX’s mission to bring Web3 truly worldwide.”