Binance, the leading global cryptocurrency exchange, has expanded its services in West and Central Africa by integrating mobile money payments for cryptocurrency purchases. This move aims to boost financial inclusion across the continent, offering a secure and accessible entry into the world of digital assets.
Binance’s Mobile Money Integration in Six African Countries
Users in six countries—Benin, Cameroon, Ivory Coast, the Democratic Republic of Congo, Togo, and Senegal—can now buy cryptocurrencies directly through mobile money services. This initiative builds on Binance’s existing offerings in Africa, where its One Click Buy and Sell (OCBS) service launched earlier in 2024, enabling users in Ghana, Tanzania, Uganda, and Zambia to trade crypto via mobile money accounts.
This expansion marks a key step in Binance’s efforts to empower millions across Africa by providing direct access to the global digital economy. The integration offers a simplified way for new users to purchase cryptocurrencies, supporting Binance’s broader mission to advance financial inclusion.
Focus on Financial Inclusion and User Accessibility
Samantha Fuller, a Binance spokesperson, emphasized the company’s commitment to expanding access to digital finance in Africa. “We remain focused on advancing financial inclusion and delivering user-friendly solutions for crypto adoption across Africa,” Fuller said, highlighting Binance’s ongoing efforts to make digital assets more accessible.
Currently, the mobile money integration supports only buying cryptocurrency, simplifying the process for newcomers to enter the crypto space. Binance aims to offer a reliable and secure platform for millions in these regions, allowing them to participate in the digital economy and open up new financial opportunities.
Empowering Africa’s Digital Finance Future
Fuller noted that this expansion represents a significant milestone in Binance’s mission to promote crypto adoption across Africa. “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.”
By integrating mobile money with its platform, Binance reinforces its commitment to empowering users across the African continent. With a focus on secure, straightforward solutions, the company continues to expand its role in shaping Africa’s digital finance landscape.
