Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

Binance has added a fiat-to-crypto gateway for Nigeria’s Niara (NGN), the company said.

Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs, the company said in a statement. In “the near future” the high-volume global exchange will also introduce gateways for South Africa’s Rand (ZAR) and Kenya’s Shilling (KES), Binance said.

At launch, Binance limited the Nigerian trading pairs to BUSD/NGN, BNB/NGN and BTC/NGN. Investors can deposit between 150 NGN (about $.40) and 430,000 NGN (about $1,200) for a 1.4% fee, Binance said in a blog post.

Read more:https://www.coindesk.com/binance-adds-african-fiat-to-crypto-gateway

Leave a Reply

Your email address will not be published. Required fields are marked *