At the ongoing Blockchain Africa Conference 2020, BINANCE has announced that it will be launching a Binance Fiat Gateway in South Africa soon.
South Africa will now have access to all Binance exchange services and products.
The exchange will initially launch with five trading pairs below:
- BTC / ZAR
- BNB / ZAR
- ETH / ZAR
- USDT / ZAR
- BUSD / ZAR
SEE ALSO: The Nigerian Naira Becomes the First African Currency to be Supported on Binance P2P Platform
BitcoinKE had a chat with Tanya Knowles, the Binance Country Manager, South Africa, to discuss the upcoming gateway and what we can expect once it launches.
Here is the recorded interview:
Here is the outline of questions discussed during the interview:
- Is the new exchange similar to the Nigerian and Ugandan fiat gateways or different in terms of local support, gateway configuration?
- What is Binance outlook of the SA market? Any numbers you can share?
- What is this gateway expected to achieve that is lacking in the SA market currently?
- Do you expect Binance to be competitive in a market already dominated by other well-established exchanges like Luno?
- The $1M support for Africa or SA. Can you clarify the kind of support to expect for devs, ecosystem?
Following the fiat gateway announcement, Binance also said it has donated $1 million to support the blockchain and crypto ecosystem in South Africa as it seeks to help businesses grow and thrive on the continent.