Binance Launches One Click Buy and Sell for Mobile Money in Africa

Binance has announced the introduction of the 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 new functionality aims to enhance accessibility and convenience for crypto enthusiasts in these regions.

With the launch of the OCBS feature, users can now easily purchase crypto assets and sell assets directly from their mobile money accounts. The integration of mobile money into the 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.

At Binance, we are committed to providing a secure and reliable platform for our users. To ensure a safe experience, we implement stringent Know Your Customer (KYC) protocols and robust security measures. These practices are designed to protect users’ assets and personal information while adhering to regulatory standards.

Statement by Binance

By enabling mobile money deposits and withdrawals with these safeguards in place, Binance aims to make cryptocurrency more accessible to the unbanked and underbanked populations in Africa. This initiative aligns with their mission to increase the freedom of money globally and empower users with easy access to digital assets.

This expansion is a crucial step in our ongoing mission to democratize access to cryptocurrency and financial services. We believe that by integrating mobile money into our platform, we can support financial inclusion and allow more people to participate in the digital economy.

Statement by Binance