Binance, the world’s leading cryptocurrency exchange, has announced a significant expansion of its services across more than 30 African countries. This initiative allows users to buy, sell, and trade crypto using local currencies, including ZAR, KES, GHS, XOF, XAF, UGX, and TZS.
The move is designed to strengthen Binance’s commitment to financial inclusion, providing individuals and businesses across the continent with seamless, secure, and localized crypto solutions.
Breaking Down Financial Barriers
Larry Cooke, speaking for Binance Africa, emphasized the transformative potential of digital assets beyond just investment.
“With this expansion, we’re making it easier than ever for people across Africa to access crypto safely and conveniently,” said Cooke. “Crypto is more than an investment, it’s a tool for everyday financial empowerment, enabling fast payments, cross-border transfers, and new economic opportunities for businesses and entrepreneurs.”
Binance’s localized services integrate directly with regional payment systems and support multiple transaction options, including:
- Mobile Money
- Bank transfers
- Card payments
This localization is crucial for breaking down barriers to adoption, as it helps Africans transact, invest, and grow in the connected global economy without the high costs or delays traditionally associated with traditional banking and remittances.
Supporting Entrepreneurship and Growth
For small businesses and entrepreneurs across Africa, this expansion provides alternative payment solutions, significantly reduces transaction costs, and facilitates cross-border commerce.
“By supporting local currencies and integrating with regional payment methods, we are breaking down barriers to adoption and helping unlock the transformative potential of digital assets across Africa,” Cooke added.
Binance confirmed its ongoing commitment to Africa includes collaboration with local regulators and partners to ensure compliant, secure, and user-friendly access to digital assets, fostering innovation and sustainable economic development.
Source: Ameyaw Debrah
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