France Fintech, a non-profit association whose mission is to promote FinTech excellence in France, and blockchain ecosystem and cryptocurrency exchange Binance, have launched a €100m initiative to support the development of the blockchain and cryptocurrency ecosystem in France and Europe.
The initiative, which will be funded by Binance, will see the establishment of a Binance Research and Development hub in France. The company said it will recruit cryptocurrency and blockchain talent from across France and Europe to serve the hub.
Additionally, a Decentralised Ledger Technology (DLT) accelerator and new online Education Programme will be created. The education programme, which will be created in partnership with OpenClassroom and Ledger, will aim to help people who want to learn more about blockchain and cryptocurrency and see it as an attractive career opportunity.
The creation and development of the ‘Objective Moon Accelerator’ will be dedicated to building up the Decentralized Ledger Technology (DLT) ecosystem in France and Europe. DLT, according to Binance, is seen as a critical enabler of blockchain security, which is essential as a cryptocurrency continues to reach more mainstream audiences.
Commenting on the partnership, Alain Clot, Chairman of France Fintech, said: “France Fintech believes that France is uniquely positioned in terms of regulation, talent and expertise to be the leading player in Europe in the field of decentralized finance and we believe that the collaboration started with Binance today will allow the entire ecosystem to grow significantly in the coming year
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