Binance Launches Mobile Money Feature for Crypto Transactions in Africa
Cryptocurrency exchange Binance has introduced its One Click Buy and Sell (OCBS) service in Africa, allowing users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies directly through mobile money accounts. This initiative is designed to enhance financial inclusion, especially for unbanked and underbanked communities.
Binance Expands Crypto Accessibility in Africa
Last week, Binance announced the launch of its One Click Buy and Sell (OCBS) feature, further extending its services across Africa. This new feature is now available in Ghana, Tanzania, Uganda, and Zambia.
Binance explained:
“With the launch of our OCBS feature, users can now easily purchase and sell crypto assets directly from their mobile money accounts.”
The integration of mobile money into Binance’s global fiat on-ramp/off-ramp solution, developed in partnership with Transfi, represents a significant step forward in simplifying access to digital assets.
Binance also emphasized its commitment to security by implementing strict Know Your Customer (KYC) protocols and other protective measures to ensure the safety of users’ assets and compliance with regulatory standards.
This initiative aligns with Binance’s mission to increase financial freedom worldwide by promoting financial inclusion in Africa. The company stated:
“This expansion is a crucial step in our ongoing mission to democratize access to cryptocurrency and financial services. We believe that by integrating mobile money into our platform, we can support financial inclusion and allow more people to participate in the digital economy.”
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