Global cryptocurrency exchange Binance has introduced its One Click Buy and Sell (OCBS) feature in several African countries, including Ghana, Tanzania, Uganda, and Zambia.
This new service aims to streamline the process of buying and selling cryptocurrency by enabling transactions directly from mobile money accounts.
The integration of mobile money into Binance’s platform, developed in collaboration with Transfi, represents a significant advancement in the exchange’s global fiat on-ramp and off-ramp capabilities.
“The integration of mobile money into our global fiat on-ramp/off-ramp offering, developed in partnership with Transfi, marks a significant milestone in our efforts to simplify and broaden access to digital assets,”it said in a statement.
Binance seeks to bank on this to enhance financial inclusion by providing easier access to digital assets for unbanked and underbanked populations across the continent.
It emphasized its commitment to user security with the implementation of strict Know Your Customer (KYC) protocols and other protective measures to ensure the safety of assets and adherence to regulatory standards.
The company believes that this expansion will democratize access to cryptocurrency, aligning with its broader mission to promote financial freedom worldwide.
