Binance deepens commitment in Africa through multi-country engagement

Nairobi, Kenya - Binance, the world's leading blockchain and cryptocurrency infrastructure provider, has wrapped up a multi-country engagement tour across Africa, reaffirming its commitment to advancing Africa's digital payments landscape. The tour saw Binance's executive team engage with central banks, regulators, policymakers, payment providers, fintech leaders, and law enforcement agencies to discuss how digital assets can enhance financial services across the continent.

Larry Cooke, Africa Head of Legal at Binance, highlighted the shared goal of building digital finance responsibly, noting that while countries are at various stages of crypto adoption, their objectives remain consistent: relevance, growth, and stability. The discussions underscored the importance of collaboration between industry, regulators, and financial institutions to deliver tangible value for businesses and consumers.

Binance Pay, Binance's digital payment platform, continues to gain traction in Africa, serving over 323 million registered users in more than 100 countries, with more than 63,000 merchants accepting payments through the platform. In Africa, Binance Pay is increasingly utilized for cross-border remittances and everyday transactions, bolstered by trust, consumer protection, and responsible innovation.

Kenya, Africa's mobile-money leader, has an estimated 80 to 90 percent of the adult population using Binance Pay wallets. Binance is among the few providers in Kenya offering fiat channels ahead of the country's upcoming crypto licensing regime.

The engagement tour highlighted that sustainable innovation in Africa is achieved through partnership, whether with regulators on policy or sharing best practices on compliance and financial crime prevention. Cooke emphasized that Africa has been a pioneer in payments innovation, and Binance's role is to collaborate closely with those shaping the future of finance in each market, helping to build infrastructure that makes digital assets a trusted part of everyday financial life.

Thomas Gregory, Vice President of Payments at Binance, remarked that digital payments are becoming an integral part of everyday life across Africa, with each market progressing at its own pace towards a common goal: digital assets becoming a practical, trusted means for people to move and spend money. Binance's ongoing engagement across the region underscores its dedication to secure, compliant, and accessible digital payment solutions that connect people, businesses, and economies, unlocking greater financial freedom throughout the continent.