Fun

Eyeing African Market, Binance Adds Nigerian Fiat-to-Crypto Gateway

News Feed - 2019-10-25 02:10:34

Binance has added a fiat-to-crypto gateway for Nigeria’s Niara (NGN), the company said.


Facilitated by payments network Flutterwave, the addition starts a new phase of Binance adding sub-Saharan fiat pairs, the company said in a statement. In “the near future” the high-volume global exchange will also introduce gateways for South Africa’s Rand (ZAR) and Kenya’s Shilling (KES), Binance said.


At launch, Binance limited the Nigerian trading pairs to BUSD/NGN, BNB/NGN and BTC/NGN. Investors can deposit between 150 NGN (about $.40) and 430,000 NGN (about $1,200) for a 1.4% fee, Binance said in a blog post.


Binance said last month that it planned to add fiat-to-crypto OTC trading.


Binance did not respond to CoinDesk’s request for further comment.


Niara image via Shutterstock.

News Feed

Crypto on track to hit 1B users by end of 2025 — Analyst
Zoltan Vardai11 hours agoCrypto on track to hit 1B users by end of 2025 — AnalystMore conservative estimates from the likes of the Boston Consulting Group predict that the crypto industry will reach its first billion u
Bitfarms adopts shareholder rights plan as Riot attempts takeover
Derek Andersen5 hours agoBitfarms adopts shareholder rights plan as Riot attempts takeoverThe plan, which passed after Bitfarms’ shareholder meeting, will complicate Riot’s effort but not necessarily stop it from suc
Martin Young4 hours agoAI researchers say they’ve found a way to jailbreak Bard and ChatGPTArtificial intelligence researchers claim to have found an automated, easy way to construct adversarial attacks on large langua
Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Among Europe’s Most Wanted
Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Among Europe’s Most Wanted Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is now one of Europe’s most wanted f
North Korea Jumps The Cryptocurrency Shark By Announcing Its Own Bitcoin
In the world of cryptocurrency and bitcoins, which I consider to be a bubble worse than the Dutch tulip craze of the 1600s, there could only be one thing worse. That would be saying
Bank of Italy to release crypto guidelines in ‘coming days’ — Governor
Jesse Coghlan3 hours agoBank of Italy to release crypto guidelines in ‘coming days’ — GovernorItaly’s central bank will soon share how the country should apply the EU’s MiCA crypto laws, with its governor slamm
Here’s How to Order Food From Your Home Using Cryptocurrency
Here’s How to Order Food From Your Home Using Cryptocurrency Staying home during the coronavirus epidemic reduces the risk of getting infected with the deadly covid-19. The dis
Biggest Movers: XMR and SOL Higher on Monday
Biggest Movers: XMR and SOL Higher on Monday Despite BTC and ETH trading lower on Monday, several cryptocurrencies managed to move higher to start the week. XMR was one of the bigg
Ray Salmond2 hours agoBitcoin may hit $100K by capturing ‘even 2 to 5% of gold’s market cap’ — Hut 8 VP Sue EnnisNew developments in the Bitcoin mining space have Hut 8 vice president Sue Ennis convinced that wel
Fact Checking Media Tries to Debunk Great Reset Theories, Articles Ignite Heated Discussions Over Reboot Agenda
Fact Checking Media Tries to Debunk Great Reset Theories, Articles Ignite Heated Discussions Over Reboot Agenda On December 22, Twitter trends indicate that thousands of people on
Elon Musk Drops Epstein ‘Peanut’ Bomb — PNUT Coin Explodes 10%
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Decentralized Exchange Soldex AI Will Empower Crypto Users to Create Unique Trading Algorithms
Decentralized Exchange Soldex AI Will Empower Crypto Users to Create Unique Trading Algorithms sponsored Have you ever wanted to harness the capabilities of artif