Binance has announced the expansion of its services to consumers in Ghana, Tanzania, Uganda, and Zambia. This initiative allows users in these countries to purchase and trade cryptocurrencies using mobile money, significantly enhancing accessibility and convenience for crypto enthusiasts.
This initiative aims to increase financial inclusion for the unbanked and underbanked populations in Africa aligning with Binance’s mission to improve financial freedom globally.
The introduction of Binance's One Click Buy and Sell (OCBS) feature enables users to conduct transactions directly from their mobile money accounts, simplifying the buying and selling of digital assets.
This feature is part of Binance's global fiat on-ramp/off-ramp offering, developed in collaboration with Transfi. Users are encouraged to update to the latest version of the Binance app to access these new capabilities.
Fiat On-Ramp: This allows users to convert their regular money into cryptocurrencies. It's like a gateway that lets you enter the world of digital currencies using your own money.
Fiat Off-Ramp: This service does the opposite, allowing users to convert their cryptocurrencies back into regular money, making it easy to use for everyday purchases.
Hence, to ensure a secure experience, Binance implements rigorous Know Your Customer protocols and robust security measures, safeguarding users' assets and personal information while adhering to regulatory requirements.
