Binance reveals that it has recorded a significant increase in those using Binance Pay across Africa. The cross-border crypto payment solution aims to increase financial inclusion and accessibility across the continent. The crypto and blockchain company also released the Binance Gift Card in Ghana earlier in 2022.
In August 2022, Binance enabled instant deposits and withdrawals for the South African Rand. Recently, in October, the blockchain company also added a fiat gateway for the Nigerian Naira through tokenised asset payment channel Cashlink. The fiat gateway launch enabled Nigerians to withdraw and deposit Naira directly to and from their wallets.