CEO of Binance announced the launch of the Fiat gateway allowing the South African Users to make rand deposits.
“Looking at South African specifically, crypto adoption continues to rise with SA being one of the top five countries in terms of cryptocurrency ownership. Today I’m excited to announce that Binance is launching a South African fiat-to-crypto gateway soon. This will enable South Africans to buy cryptocurrencies with their local bank accounts.”
Binance also donated 1M$ to bitcoin education to support the development of blockchain education in South Africa, The organization also getting ready to run educational program soon.
I can't help but commend the efoort of the various brain behind binance exchange, those guys are folk hero to the crypto space. With thevarious innovations and progress they are adding to this space and their service with each passing day, i can confidently say they are setting a new form of standard that will pioneer the massive adoption of cryptocurrency by the outside world. No availability of FIAT GATEWAYS have been the problem preventing mass crypto adoption for quite sometimes now as new potential investors are always scared of going through the rigorous exercise involved with the former ways of converting bitcoint to real money and vice versa. With this innovation, I'm sure even the commonest individuals in South Africa will be able to switch within their FIAT and CRYPTOCURRENCY