Binance Launches Mobile Money Feature for Crypto Transactions in Africa

Todaysgist, News – Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, allowing users in Ghana, Tanzania, Uganda and Zambia to buy and sell cryptocurrencies via mobile money accounts.

This initiative aims to increase financial inclusion, especially for the unbanked and underbanked population.

Reported from Bitcoin.comSaturday (24/8/2024), with the launch of the OCBS feature, users can now easily buy crypto assets and sell assets directly from their mobile money accounts.

The integration of mobile money into the global fiat on-ramp/off-ramp offering developed in partnership with Transfi, marks a significant milestone in Binance’s efforts to simplify and expand access to digital assets.

The crypto platform emphasizes its commitment to security, implementing strict Know Your Customer (KYC) protocols and other protective measures to protect user assets and comply with regulatory standards.

This initiative is specifically aimed at increasing financial inclusion for the unbanked and underbanked population in Africa, in line with Binance’s mission to advance financial freedom globally.

Binance views this expansion as an important step in our ongoing mission to democratize access to cryptocurrencies and financial services.

Furthermore, Binance believes that by integrating mobile money into the platform, it can support financial inclusion and enable more people to participate in the digital economy.

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