Binance, the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider, has announced the addition of support for five African currencies: the Liberian Dollar, Sierra Leonean Leone, Gambian Dalasi, Mauritanian Ouguiya, and Cape Verdean Escudo.
This expansion of product offerings aims to bolster Binance’s presence on the continent and enable users in these regions to make direct cryptocurrency transactions with other users in their preferred payment method, local currency, and price without needing a third party or intermediary.
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Users can now trade and post trade advertisements in these fiat currencies or directly trade BTC, USDT, ETH, BNB, and BUSD with other users using these fiat currencies at zero fees.
In addition, users who have a stable source of cryptocurrencies and these fiat currencies can now become merchants on Binance P2P, receive exclusive customer support, verified badges, and access to advanced trading tools. Furthermore, they can enjoy VIP discounts and zero fees on the platform.
Nadeem Anjarwalla, director for Binance in West & East Africa, said, “Binance has continued to remain committed to increasing the adoption and mainstream accessibility of crypto and we are excited to be taking this step in making access to digital assets effortless for more Africans.”
Binance launched in July 2017 as a crypto-to-crypto exchange and within six months became the world’s largest crypto exchange. Today, itis a global blockchain ecosystem spanning across trading services, infrastructure solutions, educational resources, research, social good and charitable programmes, investment and incubation initiatives, and more.
By providing access to broad financial tools while maintaining one of the lowest fees in the business, Binance is making crypto accessible to everyone in Africa and beyond.