The road for adoption, Education comes first

If they are old enough to play video games, they are ready enough to start learning about cryptocurrencies. Getting the young generation involved in this space is a matter of decision and would not be a hard process if all stakeholders involved.

And this is what is happening in the UAE! Some Dubai universities are joining hands with crypto credibility campaigns that are designed in the UAE to help students be well versed with blockchain and cryptocurrencies.

CryptoCredibility campaign

Nasdaq listed FTFT Capital have launched a CryptoCredibility campaign designed to help students be more well versed with blockchain and cryptocurrencies. The campaign focuses on positively engaging students to help them gain a stronger understanding of the technology and lift their confidence. 

The campaign is the brainchild of Ola Lind, Director – FTFT Capital and Global Blockchain Business Council UAE Ambassador whose vision is to short bridge the gap between mass adoption and the current dynamics of the crypto ecosystem by providing a platform for blockchain innovation and education.

Universities involved

Three students have managed to secure an internship with guest speaker Ed H., founder of TakeCapital and an active GBBC member; and as a result of the first session that was held at Murdoch University Dubai led by the speaker Dr Neda Keshavarzi, Research Development Specialist at FTFT Capital Investments. 

The hour-long interactive session introduced the young adults to the world of cryptocurrency, talking about the different kinds of cryptocurrencies, their uses and a brief introduction on how to get started. FTFT Capital is leveraging its employees, customers and contacts for this campaign to offer students a hands-on-immersive learning experience and the opportunity whenever possible to secure employment or internships that will allow them to learn alongside industry leaders, develop their own projects, and hone their skills and expertise in the sector.

A report by YouGov showed that 68% of young adults (18-24) in the UAE are seeking to invest in cryptocurrencies in the next 5 years; however 20% of them stated that they don’t have enough knowledge about it.  

And with social media often portraying cryptocurrency as a get-rich-quick scheme, it has ensnared a large number of young adults and students who, fearful of missing out, invest without adequate information or investigation.
“With major improvements taking place in the crypto and blockchain field, we want the younger generation to look at this as a full-fledged career path rather than just an investment,” said Ola Lind, Director of FTFT Capital.

As reported earlier on Unlock, The Middle East region crypto value received is expected to rise above 7 percent by June 2022 representing as well a substantial increase in growth from previous levels of 1500 percent in 2021. These projections stem from the fact that the region has witnessed more acceptance of crypto and implementation of crypto regulations. Leading this growth will be countries such as the UAE, Lebanon, Egypt and others.

From June 2020 until June 2021 the Middle East region received 271.7 billion USD worth of cryptocurrency representing almost 7 percent of global crypto value received, reflecting an increase of 1500 percent compared to June 2019 until June 2020.

ME-Crypto-value by country

These results were showcased in Chainalysis 2021 Geography of Currency Report. While the Middle East in June of 2021 was considered as the second-smallest cryptocurrency economy, the two biggest countries receiving cryptocurrencies was Turkey with a transaction volume of 123 billion USD, followed by Lebanon and the UAE equally at 25.5 billion USD. Most of the crypto coming into Turkey for example came from centralized exchanges while those coming into Lebanon came from DeFi or decentralized exchanges.

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