AltSchool Africa has entered a partnership with Bybit to sponsor 1,000 scholarships for young Africans. In a statement seen by Tecpoint Africa, winners of the scholarship will gain access to AltSchool Africa’s Diploma program, which covers courses in areas including software engineering, data analytics, and product management.
This partnership comes four months after AltSchool announced its partnership with Binance, the largest crypto exchange in the world. The edtech startup now has a partnership with two of the largest crypto exchanges in the world.
A 2024 ranking by DeFiLama, a DeFi data aggregator, showed that Binance was the largest crypto exchange in 2024 with $23 million deposits by customers while Bybit is the second largest with over $8 billion deposits.
While both exchanges have said their interest in equipping Africans with digital skills through AltSchool is to help shape the future of many young students across the continent, they could also be training future employees as crypto adoption in Africa continues to grow.
According to Chainalysis 2024 Global Crypto Adoption Index, Nigeria is second in the world when it comes to crypto adoption.
Interestingly, Nigerians are exempted from Binance’s partnership with AltSchool Africa. The partnership, which offers fully funded and partially funded scholarships to over 500 Africans, included courses such as content creation, sales, and product design.
The partnership with Bybit, on the other hand, caters to Africans across the continent. AltSchool Africa CEO, Adewale Yusuf said the partnership “goes beyond a traditional scholarship program. It represents a shared vision for a future where young Africans are not only tech-savvy but also empowered to lead their communities into a prosperous digital age.”
Bybit’s Head of Africa, Joshua Yau, also commented on the partnership, saying that it is “about investing in human capital and demonstrating that technology can be a force for positive change.”
However, Bybit might be on the search for technical talent especially in cybersecurity after it suffered a $1.5 billion hack the largest in crypto history.
With the two biggest players in the world showing interest in equipping Africans with digital talent, other exchanges like KuCoin and MEXC may just come onboard.
