As the year runs out with organisations taking stock of their feats in the outgoing year, Binance, the world’s leading crypto and blockchain infrastructure provider, with an ecosystem featuring an unmatched portfolio of crypto products, said it has continued to experience immense growth across Africa, making it one of the fastest-growing regions for the company within the year.
It said this was achieved through its commitment to building user trust and transparency, to its diverse product offerings, as well as efforts in promoting financial inclusion.
“We have made significant progress over the past year, and I am excited to share some of them with you,” it said.
The statement read: “As a leader in the blockchain industry, Binance has been key to innovating new products and services that enable financial accessibility and inclusivity for Africans. Notably, the company recorded a significant increase in Binance Pay users across the continent, highlighting its strong use case and continued uptake. Binance Gift Card also became available in Ghana, making it the first of its kind on the continent.
“In 2022, we also expanded product offerings across multiple regions in the African continent. For instance, in August, Binance enabled instant deposits and withdrawals for the South African Rand (ZAR). This launch enabled South African users to make fast payments, secure deposits via Instant EFT, providing a new and competitive fiat gateway for the region. We also introduced a fiat gateway for the Nigerian Naira through Cashlink in October 2022. As a result, Nigerian users are now able to withdraw & deposit NGN directly to and from their wallets, enabling greater financial accessibility for African users.
“To complement increased adoption across the region, the blockchain giant also strengthened its presence in the Eastern, Southern, and Francophone African markets with new hires including regional leads – myself, Nadeem Anjarwalla (East Africa Regional Director) and Hannes Wessels (South Africa Regional Director) to head business operations in their respective regions.
Overall, in 2022, our Africa team more than doubled in size, highlighting the company’s focus on the region, the holistic crypto-forward mindset of the continent, and a strong appetite across African nations for a transformational system that drives innovation and financial inclusion.”
According to Binance, Education has been at the heart of our mission across Africa and we have invested greatly in improving financial literacy within the continent over the years. Remarkably, as of December 2022, the Binance Masterclass has provided free crypto education to hundreds of thousands of Africans across the region – setting the benchmark for Binance and the industry globally. The company has also hosted over 300 offline and online education events to drive its mission.
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