Cryptocurrency exchange Binance has launched the One Click Buy and Sell mobile app in Ghana, Tanzania, Uganda, and Zambia. The service allows you to buy and sell digital assets.
Binance claims that One Click Buy and Sell (OCBS) will solve the problem of financial accessibility for residents of the African continent who do not have or are underserved by traditional banking services and services.
The OCBS mobile app was developed in partnership with Transfi, a Web3 payment solution provider for users in emerging markets. Transfi provides a process for technological integration of Binance OCBSâs fiat-to-cryptocurrency solution with local telecom operators and mobile payment platforms.
Binance assured users that the new service provides a secure trading environment, is backed by security measures including Know Your Customer (KYC) protocols, and complies with regional regulatory standards.
Representatives of the cryptocurrency exchange Binance noted that the company specifically targeted African markets, where the use of mobile payment applications is actively growing. For example, in Zambia, mobile financial transactions accounted for 56% of all retail payments in 2023, and in Uganda, the number of subscribers to mobile payment services exceeded 34 million people.
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