FRANCOPHONE AFRICA | Binance Expands Crypto Access to 6 West and Central African Nations with Mobile Money Integration

Binance has now enabled its users in Benin, Cameroon, Ivory Coast, Democratic Republic of Congo (DRC), Togo and Senegal to purchase crypto directly through mobile money payments enabled through local partnerships. 

CryptoGuru··3 min read

Binance, the world’s leading blockchain and cryptocurrency exchange, continues to drive innovation and expand access to cryptocurrency in Africa, now allowing users in 6 Francophone African nations, namely:

  • Benin
  • Cameroon
  • Ivory Coast
  • Democratic Republic of Congo (DRC)
  • Togo and
  • Senegal

to purchase crypto directly through mobile money payments enabled through local partnerships.

This new functionality further strengthens Binance’s commitment to providing simple and secure access to cryptocurrency for users across the continent, reinforcing the platform’s vision of financial inclusion.

 

Samantha Fuller, Spokeswoman for Binance says:

“We remain focused on advancing financial inclusion and delivering user-friendly solutions for crypto adoption across Africa.

This expansion into West and Central Africa is a significant step in our mission to increase crypto adoption, providing millions of people with more direct access to the global digital economy.”

 

In an exclusive interview with BitKE in early 2024, Hannes Wessels, the General Manager for Binance in Africa, said:

“We are particularly excited about the opportunities in countries like Senegal and Ivory Coast. These nations have shown a growing interest in cryptocurrency, and we’ve been working to enhance our services to cater to the needs of users in these regions.

In terms of adoption, we’ve observed positive trends in Senegal, where our user base has been steadily increasing. Additionally, Ivory Coast has shown promising signs of Binance gaining popularity as a preferred platform for cryptocurrency enthusiasts.

It’s essential to note that our success in each country is influenced by various factors, including regulatory developments, market dynamics, and user behaviours. We remain committed to fostering growth in Francophone Africa and providing users with a seamless and secure crypto trading experience.”


This new service currently supports only BUY transactions, further simplifying the entry point for new crypto users in these regions, while providing them with a reliable and secure platform to acquire digital assets.

 

How to buy crypto:

  • Log in to your Binance app and select [Add Funds] from the homepage
  • Choose your local fiat currency you wish to use by selecting the currency in the top-right column
  • Follow the instructions to complete your crypto purchase

 

In a similar move in August 2024, Binance introduced One Click Buy and Sell (OCBS) feature, allowing users in:

  • Ghana
  • Tanzania
  • Uganda, and
  • Zambia

to buy and sell crypto assets using mobile money.


This recent move comes as the cryptocurrency platform continues to grow despite already being the world’s largest exchange.


 

 

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