Binance launches AI-driven learning tool for free education on Web3, blockchain, and crypto
“We are excited to launch Binance Sensei, a product with the potential to significantly improve access to localised blockchain education for everyone. At Binance, we are fully committed to increasing the quality of Web3 and blockchain education for everyone, regardless of their current level of expertise. With this interactive tool, users can now freely explore Binance Academy’s vast array of educational resources with ease and confidence.”
Binance Academy has launched an AI-driven learning tool for free education on Web3, blockchain, and crypto. It goes by the name of Binance Sensei and aims to transform how users explore and interact with educational content, ensuring a more engaging process.
The world’s largest crypto exchange is further engaging with AI, now to help users access the wealth of knowledge available on Binance Academy in a more intuitive manner: an interactive chat window.
Binance Sensei is powered by ChatGPT
Users ask questions and Binance Sensei will provides easy-to-understand answers sourced from Binance Academy’s comprehensive collection of articles, guides, and glossary entries, or from other reliable open sources.
Leon Foong, Head of APAC at Binance, said: “We are excited to launch Binance Sensei, a product with the potential to significantly improve access to localised blockchain education for everyone. At Binance, we are fully committed to increasing the quality of Web3 and blockchain education for everyone, regardless of their current level of expertise. With this interactive tool, users can now freely explore Binance Academy’s vast array of educational resources with ease and confidence.”
Binance Sensei is powered by ChatGPT technology and has been instructed to deliver relevant and easily digestible information from complex topics.
Binance.US struggles to find banking partners
In the meantime in the United States, Binance.US is reportedly struggling to find banking partners following the collapse of three banks that were known for working closely with the cryptocurrency industry.
People familiar with the matter told the Wall Street Journal that Binance.US has been left without banking services following the recent failures of US crypto-friendly banks, which forced the exchange to rely on middleman banks to store its funds.
The loss of direct banking relationships has made it more difficult for Binance.US to operate smoothly as it must now navigate a complex web of intermediaries to access the banking services it needs.
Per the report, Binance.US has made several attempts to establish a direct banking relationship with banks such as Cross Riverbank and Customers Bancorp but were all in vain. The situation forced the exchange to hold its customers’ funds through the banking partners of the financial technology firm Prime Trust.
This arrangement highlights the difficulties that crypto firms face in accessing traditional banking services and the need for greater regulatory clarity in the sector. US banks, which were already cautious about working with crypto companies, are now even more reluctant to provide services to the industry following a series of regional lender failures and increased regulatory scrutiny.
