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Tech News & Podcast | Africa

How Trezor is Promoting Bitcoin Literacy and Adoption in Africa

Trezor has funded the Africa Bitcoin Conference, as well as Bitcoineta, a campaign to raise awareness of Bitcoin in West Africa, and officially began its educational programme across the continent.

Officially launching the Trezor Academy is Trezor, a top hardware cryptocurrency wallet company. During the Africa Bitcoin Conference in Accra, Ghana, on December 4, the educational initiative—which aims to increase knowledge and understanding of Bitcoin—was launched.

The project demonstrates the company’s commitment to promoting a global awareness of cryptocurrencies, beginning with one of the continents that is changing the fastest.

Trezor, promoting the continent’s educational agenda

The firm told Cointelegraph that the Trezor Academy was introduced on December 4 at the Africa Bitcoin Conference, which was sponsored by Trezor and held in Accra, Ghana. Trezor’s blog reports that notable progress has already been made in several countries, including Ghana, Nigeria, Cameroon, Uganda, Burundi, and Kenya, as part of the Trezor Academy pilot programme.

The academy is an educational initiative with the goal of educating Africans about bitcoin. Previously introduced as a test project in 2023, its goals are to facilitate face-to-face gatherings facilitated by regional Bitcoin specialists and to create a forum for people in the area to become aware of the possibilities of cryptocurrencies.

Trezor intends to bring the academy’s influence to more than ten new African nations by 2024. The intention is to train hundreds of local educators so they can spread the word about Bitcoin even more. Trezor CEO Matej Zak underlined the importance of Bitcoin adoption in Africa, pointing out its potential advantages in areas like savings, microfinance, and payment systems.

Bitcoineta: Promoting awareness about Bitcoin

Bitcoineta is a project that aims to promote the adoption of bitcoin (BTC) among society. It consists of a van decorated with bitcoin logos and slogans that travels across different countries and regions, offering education and information about bitcoin to the public. The project started in Argentina in 2018 and has since expanded to other parts of Latin America and Europe. Bitcoineta organizes events, workshops, talks, and meet-ups to spread the word about bitcoin and its benefits. The project is supported by donations from the bitcoin community and sponsors such as Trezor.

The term “Bitcoineta” refers to the campaign’s mobility and outreach by combining the words “Bitcoin” and “camioneta,” which is the Spanish word for a minivan. The initiative, which was first introduced in 2018 by Bitcoin Americana and Bitcoin Argentina, has now gained a new partner for its African tour.

The African Bitcoineta campaign includes a Land Rover bearing the Bitcoineta brand, thanks to a partnership with Bitcoin Cowries, a Bitcoin education project in Ghana. Driving around the Economic Community of West African States, the van will educate schools and rural people about Bitcoin. Launched on December 1, the initiative seeks to educate people about Bitcoin at the local level in areas where such information is lacking.

The firm declared that updates on the journey of the Bitcoineta will be published on the official Bitcoineta X account (which was originally on Twitter) and recorded via a variety of media platforms, such as video blogs.

Community Assistance

The strong support of the Bitcoin community has enabled the Trezor Academy and its related activities. Notably, Trezor has committed to funding these educational initiatives with 21 euros from every sale of the Trezor Safe 3 hardware wallet, which was released in October 2023 and is limited edition and exclusive to Bitcoin.

The possibility that Bitcoin will change economic environments is becoming more real as They extends its reach onto the African continent. The company is not only pushing a device but also encouraging a better knowledge and use of digital currencies in areas where they could have the biggest impact through programmes like Trezor Academy and Bitcoineta.

What is the difference between Trezor One and Trezor Safe 3?

Trezor One and Trezor Safe 3 are both hardware wallets that allow you to store and manage your cryptocurrencies securely. However, there are some differences between them that you may want to consider before buying one. Here are some of the main differences:

  • Price: Trezor One costs €59, while Trezor Safe 3 costs €99.
  • Design: Trezor One has a plastic case, two buttons, and a monochrome OLED screen. Trezor Safe 3 has a metal case, three buttons, and a color LCD screen.
  • Security: Trezor One uses a general-purpose microcontroller chip, while Trezor Safe 3 uses a secure element chip that is certified by EAL6+ standard. This means that Trezor Safe 3 has a higher level of protection against physical attacks and tampering.
  • Features: Trezor One supports over 1,000 coins and tokens, but some of them require using third-party wallets or services. Trezor Safe 3 supports over 1,600 coins and tokens, and most of them can be managed directly from the Trezor Suite app. Trezor Safe 3 also supports advanced features such as Shamir backup, SD card encryption, and on-device passphrase input

Trezor’s teaching programmes in Africa, which include the Bitcoineta campaign and the Trezor Academy, go beyond simple business outreach. They represent a significant advancement in financial awareness and empowerment on a continent where the use of digital currencies is highly probable. In addition to growing its market, the company is making a significant contribution to the future development of financial technology in Africa by emphasising education and raising grassroots knowledge. These initiatives have the potential to open up new doors and promote a deeper awareness of Bitcoin and its advantages among various African populations as they pick up steam.

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