Binance was recently the center of attention when, Changpeng Zhao, praised one of Ripple's recent announcements.
Other than that, an official announcement said Binance.US supports the commercial pairs BUSD / USD , BTC / BUSD and IOTA / USD .
According to reports, the US-based exchange You have adjusted your ACH limits free of charge to $ 30,000 for deposits and withdrawals in USD .
Now, the main exchange of encryption seems to be making efforts to expand its fiduciary gateway to crypto for Africa.
Through a new partnership with Fintech Flutterwave, based in Lagos, Binance allows African users to buy cryptography with fiat. From now on, Nigeria users can buy Bitcoin , Binance Coin and the new Bincoin-backed stable dollar with Naira (NGN) using a debit or credit card.
More than that, Binance said it would launch fiduciary pairs for local currencies across Africa, such as BTC / KES (Kenyan Shilling) and BTC / ZAR (South African Rand), shortly.
It is also important to keep in mind the fact that Nigeria dominates Bitcoin searches in Google Trends. Binance CEO Changpeng Zhao said the following:
“Africa has illustrated one of the greatest demands and cases of instrumental use for cryptocurrency, especially for financial access, in the second largest continent in the world. In sub-Saharan Africa, around 95 million people remain without bank access, while many regions in the area, including Nigeria, have adopted new technologies with an increasing amount of innovation. ”
He continued and said that "working with Flutterwave will help close the fiat currency gap to cryptocurrency, and we hope to stimulate greater financial inclusion as Africa demonstrates great potential to lead the adoption of cryptocurrencies ."
In other news, Binance made an important announcement not long ago: there is a new product for institutional investors.
Institutional investors have been targeted by the crypto space for a while and there are some movements that seem to be successful in this direction.