Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible.
By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access to the global digital economy.
Binance Expands Crypto Access With Mobile Money Integration in Africa
Binance, the world’s leading cryptocurrency and blockchain infrastructure provider, has expanded its services in West and Central Africa by integrating mobile money payments for crypto purchases.
Users in Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal can now purchase cryptocurrency directly through mobile money services via local partnerships. This move aligns with Binance’s efforts to expand financial inclusion and access to the digital economy across Africa. This expansion builds on Binance’s One Click Buy and Sell (OCBS) service, launched in Africa in August, allowing users in Ghana, Tanzania, Uganda, and Zambia to trade cryptocurrencies through mobile money accounts.
Samantha Fuller, a spokeswoman for Binance, expressed the company’s dedication to the region, stating:
We remain focused on advancing financial inclusion and delivering user-friendly solutions for crypto adoption across Africa.
The new feature is currently limited to buy transactions, simplifying the process for new users to enter the cryptocurrency space. By offering a secure and easy-to-use platform, Binance aims to provide a reliable entry point for people in these regions to acquire digital assets, expanding their financial opportunities.
Fuller further noted:
This expansion into West and Central Africa is a significant step in our mission to increase crypto adoption, providing millions of people with more direct access to the global digital economy.
According to Binance, this integration solidifies the company’s commitment to making cryptocurrency more accessible across Africa. With the platform’s focus on secure, straightforward solutions, the expansion underscores its broader vision of empowering millions through digital finance.
What do you think about Binance’s expansion in Africa and its focus on financial inclusion? Let us know in the comments section below.
Source: news.bitcoin.com.
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