Binance’s BNB Chain to Launch a Web3 Course in Latin America

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Published: Aug 17, 2022, 08:12 UTC

BNB Chain is set to launch a Web3 development course for the region as adoption accelerates.

Key Insights:

BNB Chain is preparing to launch a Web3 development course in collaboration with Platzi.
The program aims to be accessible to 30,000 students.
El Salvador has introduced a new grassroots diploma program called Mi Primer Bitcoin.

As a region where 51% of consumers have made at least one transaction with cryptocurrency according to data from Mastercard, Latin America is considered to be a hub for adoption and crypto-related activity.

As such, Binance’s BNB Chain is preparing to launch a Web3 development course for students in the region in collaboration with Latin America-focused education platform Platzi.

Web3 Initiative

The course, which aims to be accessible to 30,000 students, will act as a major educational resource available in Spanish for Web2 developers to build on Web3 with BNB Chain.

The goal of the initiative is to further adoption of blockchain technology and Web3 education in the region as accessibility and education remain crucial barriers to entry in Latin America.

Notably, the Binance Smart Chain and the Binance Chain merged to form BNB Chain, which is an abbreviation for ‘Build ’N Build’ according to the company’s CEO Changpeng Zhao. The BNB Chain comprises the BNB Beacon Chain for governance and the BNB Smart Chain, which remains Ethereum Virtual Machine (EVM) compatible.

Overall, BNB Chain’s investment director Gwendolyn Regina has stated that Binance hopes to increase accessibility to resources so that users can build Web3 tools on BNB Chain, as well as supporting the development of blockchain adoption in Latin American.

Latin American Adoption

According to a new survey conducted by Mastercard, more than a third of Latin Americans said they have made an everyday purchase with a stablecoin, while 11% of respondents reported having made a purchase using a digital asset.

In fact, according to Chainalysis research, Latin America has consistently captured between 8% and 10% of global cryptocurrency activity, while decentralised finance (DeFi) applications continue to gain traction in the region as inflation and macroeconomic instability soars.

El Salvador, which made the headlines last year when it became the first country to adopt Bitcoin (BTC) as legal tender, has also introduced a new grassroots diploma program called Mi Primer Bitcoin, or ‘My First Bitcoin’ which aims to increase crypto literacy among teenagers. The program, which has been endorsed by the Salvadoran government, includes a 10-week long course that is split into four parts.

In addition, Binance and Mastercard released prepaid crypto cards this month in Argentina. Argentine cardholders can use Bitcoin, BNB and other cryptocurrencies to make purchases as well as ATM withdrawals in fiat wherever Mastercard is accepted. Moreover, they can earn up to 8% back in cryptocurrency from certain purchases.

About the Author

Mohadesa Najumiauthor

Mohadesa Najumi is a British writer who has worked within crypto, forex, financial technology, and the stock market industry. Mohadesa received her MSc in Political Science and International Relations at the University of Amsterdam.