Binance recently listed the Nigerian Naira on its exchange through the use of Flutterwave’s payment system.
To know more about the Flutterwave and Binance deal, CoinNewsExtra visited Flutterwave’s office in Lagos, and had a chat with Onyedikachi, the head of product marketing at Flutterwave, and he brought clarity to the crypto space.
Onyedikachi said, we serve as the payment platform they use to offer the Naira on their exchange”. Part of the reason Flutterwave is working with Binance is because the crypto exchange met the legal requirements of the payment firm.
The legality of processing payments for merchants is to avoid money laundering charges and terrorism financing. With security being top of Flutterwave’s list, if companies do not provide the required documents required of them in any country Flutterwave operates in, they will not accept to do business with them.
Also, Flutterwave are the first to start instant settlements; this is when a customer pays a merchant today and the merchant receives the money that same day.
Flutterwave, is a system that accept payments, make payouts and manage business funds from one integrated platform that helps customers connect globally and processes billion of payments around the world.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Binance is considered as the biggest cryptocurrency exchange in the world in terms of trading volume.