Binance introduces mobile money payment methods of buying crypto in West, Central Africa

Binance has just made an exciting move in West and Central Africa by introducing mobile money payments for buying cryptocurrency!

Now, users in countries like Benin, Cameroon, Ivory Coast, the Democratic Republic of the Congo, Togo, and Senegal can easily purchase crypto directly using mobile money. This is a great step for people in these regions who want to explore the world of crypto.

Currently, this new feature allows users to buy crypto, making it much simpler for newcomers to get started. Just two months ago, Binance launched a similar service in Ghana, Tanzania, Uganda, and Zambia, enabling people to trade crypto using mobile money. Their “One Click Buy and Sell” option makes buying and selling crypto super easy right from your phone.

Binance is also focused on security, ensuring that strict KYC (Know Your Customer) protocols and safety measures are in place. Their goal is to make crypto more accessible and help more people join the digital economy.

If you live in one of the supported countries and want to try it out, it’s simple! Just log in to the Binance app, go to the [Add Funds] option, select your local currency, and follow the steps to buy crypto.

While Binance is expanding across Africa, it’s facing some challenges in Nigeria. Since February, two of its executives have encountered legal issues related to money laundering and tax evasion. Additionally, in March, Binance stopped supporting naira deposits and withdrawals, which has impacted its operations in Nigeria.