Home / News From Nigeria / Breaking News / Naira (NGN) Trading pair becomes the first FIAT on Binance
Naira (NGN) Trading pair becomes the first FIAT on Binance

Naira (NGN) Trading pair becomes the first FIAT on Binance

Binance listed the 1st ever fiat trading pair, and it’s not the US dollar. Beginning today, Nigerian users will have a way to get Bitcoin, Binance Coin (BNB), and Binance’s stablecoin BUSD with Naira. Buy Bitcoins In Nigeria Blog Reports

Most top exchanges that offer fiat-to-crypto trading services pay extra attention to the US dollar, or at the very least on the euro or yen. That is because they are probably the most traded currencies, with the USD enjoying the status of a worldwide reserve currency. Nevertheless, Binance went another way with the addition of the national currency of an African country as its first fiat service, reports stated.

Last month, Bitcoin was the most popular particularly in Africa and especially in Nigeria. The nation leads the present ranking of top regions where in fact the Google search trends of “Bitcoin” term note the highest freequency.

Nigeria is fighting boko haram on its north-eastern side, which affects the economy. Citizens find it too difficult to make use of their national currency as a store of value as Naira devalues from year to year. Now they could use Binance to purchase Bitcoin, BUSD or BNB in trade for Naira. Binance launched the newest fiat solution in partnership with the payment system, Flutterwave.

BBNB

Send Money To Nigeria Free

About scully009

Get Daily Altcoins trade Signals. Password to the link can only be handed over to viewers via the whatsapp group link. To get Password to the Link Join the group link and ask for password- https://bit.ly/2rIqsTx (Telegram) https://bit.ly/2IBGeJt (Whatapp)
x

Check Also

buhari

Another Economic Sabotage In The Making or Buhari Truly Ready To Die For Nigeria Over Ajaokuta Revival?

To understand what has been going on in the Steel industry wickedness (Not Politics) by many semi puppet president Nigeria has had in the past, one must read over 40 years timeline of Sabotage and how each president and her western master played their roles covertly in the internal affairs of Nigeria (Western creation indeed).To understand the systemic sabotage one needs to start reading from OBJ lines and how he played his part during his 2nd and 3rd term as ...