Binance says it has expanded product offerings for users in Africa to include the Liberian Dollar (LRD), Sierra Leonean Leone (SLL), Gambian Dalasi (GMD), Mauritanian Ouguiya (MRO), and Cape Verdean Escudo (CVE).
Binance stated this in a statement issued on Thursday.
According to the firm, this will allow users in these regions to make direct cryptocurrency transactions with other users in their preferred payment method, local currency, and price without needing a third party or intermediary.
“Users are now able to trade and post-trade advertisements in LRD, SLL, GMD, MRO, and CVE, or directly trade BTC, USDT, ETH, BNB, and BUSD with other users using these fiat currencies at zero fees,” the statement read.
Mr. Nadeem Anjarwalla, Director for Binance in West & East Africa, explained that “Binance has continued to remain committed to increasing the adoption and mainstream accessibility of crypto, and we are excited to be taking this step in making access to digital assets effortless for more Africans.”
“Additionally, users who have a stable source of cryptocurrencies, as well as LRD, SLL, GMD, MRO, and CVE can now become merchants on Binance P2P.
“As program members, they will receive exclusive customer support, verified badges, and access to advanced trading tools. Furthermore, they can enjoy VIP discounts and zero fees on the platform.”
