Binance, the world’s greatest cryptocurrency money trade firm, reported on Monday, November 7, 2022, that it presently permits naira deposit and withdrawals.
To this end, Nigerian brokers can now deposit and pull out the local currency from their Binance Wallets.
A concise assertion by the organization, seen by Lightgospel, clarified that the choice for add a fiat gateway for the naira is in furtherance of its mission to increase the crypto adoption rate in the country.
A brief statement by the company, seen by Nairametrics, explained that the decision to add a fiat gateway for the naira is in furtherance of its mission to increase the crypto adoption rate in the country.
The newly-introduced fiat gateway will reduce the challenges often encountered by merchants and investors in Nigeria while trading crypto.
- “Binance is pleased to announce that it has added a fiat gateway for Nigerian Naira (NGN) as part of Binance’s mission to increase the adoption and mainstream accessibility of crypto. Users are now able to deposit and withdraw NGN to and from their Binance wallets,” the company said.
Important notice: To avoid fraud, Binance has encouraged all current and prospective customers to comply with the Know Your Customer (KYC) requirement so they can start using the fiat gateway.