Top cryptocurrency exchange, Binance, has added direct fiat-deposits for users in Ghana.
Binance has announced the addition of Ghana Cedi (GHS) deposits on the biggest cryptocurrency exchange by trading volume.
Users can now make a deposit via Mobile Money (MTN Mobile Money, AirtelTigo Money, and Vodafone Cash). This integration adds Ghana Cedi (GHS) to the growing list of African currencies supported on Binance.com. Currently, the Naira (NGN) and Ugandan Shillings (UGX) are supported by Binance.
Also, users who deposit GHS on Binance can buy bitcoin (BTC), ethereum (ETH), binance coin (BNB), and binance USD (BUSD).
To do this, a user will need to go to the ‘Buy Crypto’ section and select ‘Buy With Cash Balance’ to make the purchase.
At the time of writing, Binance has not enabled GHS withdrawals yet. Binance is already a household name in Ghana. Before the launch, the cryptocurrency exchange was trending on Twitter in Ghana.
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#BinanceGhana Trends Number 1 on Twitter
The hashtag #BinanceGhana was trending at number 1 in Ghana on Friday, November 17th. The exchange was trending after it announced its official presence in the country through its Telegram community – Binance GH.
At the time of writing, the community has over a thousand members and is growing rapidly. Also, Binance Charity has made its first donation in Ghana.
Binance Charity Donates Masks To Support Fight Against COVID in Ghana
Binance Charity, the donation arm of Binance, has made contributions to support efforts against COVID-19.
Binance Charity’s Crypto Against COVID campaign was created to raise $5 million in cryptocurrencies (BNB, BTC, BUSD, and XRP) to be spent primarily on buying medical supplies for affected regions globally. Binance led this effort with an initial donation of $1 million, plus an additional donation of $1 million through the #CryptoAgainstCOVID social media campaign. Also, Binance vowed to match $2 million of public donations received.
According to the WHO, as of November 18, 2020, the number of confirmed COVID-19 cases across Africa has surpassed 1,393,131 – and the number of confirmed COVID-19 cases in Ghana has exceeded 50,000 (with 320 deaths). Binance Charity is donating 20,000 masks to various hospitals across Ghana.
Binance continues to expand its fiat channels in Africa. Currently, users in Nigeria, Ghana, Kenya, South Africa can also trade cryptocurrencies on Binance P2P.