Users in Liberia, Sierra Leone, and beyond can now directly use their local currencies to buy and sell bitcoin through Binance P2P.
The Binance cryptocurrency platform has announced that its peer-to-peer (P2P) marketplace will now support more African currencies, including the Liberian dollar (LRD), the Sierra Leone lion (SLL), the Gambian dalasi (GMD), the ouguiya Mauritanian Escudo (MRO) and Cape Verdean Escudo (CVE).
Users in these regions can now transact with other users in their local currencies without a third party or middleman. Users can also trade and post trading ads in the newly supported currencies or trade BTC directly with other users with no fees.
Binance Head of West and East Africa Nadeem Anjarwalla said: “Binance has remained committed to increasing the adoption and mainstream accessibility of cryptocurrencies, and we are excited to take this step to make digital assets easier to access for more Africans. . .”
Additionally, users who frequently receive cryptocurrencies, as well as LRD, SLL, GMD, MRO, and CVE, can now become merchants on Binance P2P. According to the press release, this will allow them to receive exclusive customer support, verified badges, and access to advanced trading tools. Traders also enjoy VIP discounts and zero fees on the platform. To apply, users can visit the Binance P2P website.
By providing access to extensive financial tools and maintaining one of the lowest fees in the business, Binance aims to make cryptocurrency accessible to everyone in Africa and beyond.
