Binance, the world's second largest crypto-exchange, launched its exchanger in Uganda (an African country) – this was reported on October 24 on the official Binance website.
Binance Uganda is the first exchange of fiat money for cryptocurrency in Uganda, which was officially launched on the local market. This allows users to exchange two main crypto-assets – Bitcoin (BTC) and Etherium (ETH) – for a local Fiat Ugandan shilling (UGX).
Recall that last week, Binance officially announced the imminent opening of the platform in Uganda. According to previous statements of "Binance Uganda", until November 24, 2018, the exchanger will operate without commission charges. After this period, the commission will be 0.1%.
Also, the Binance crypto-platform donated $ 500,000 for the technological development of Uganda. As reported on the Binance.com website, donations were made through the BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details Charity Foundation (BCF), a charity foundation.
"The opening of a crypto-exchanger in the African country is part of Binance’s intention to contribute to the development of the blockchain system on the whole African continent" – Binance.
Editor: Yuliya Soroka