Binance has opened trading for XRP/NGN trading pairs alongside others for Nigeria.
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The new addition came in time after the launching of the Binance Cash Transfer. The cash transfer feature allows Nigerians to send naira to friends and family with or without the Binance account.
NGN Pairs Trading Already Includes:
Now the newest addition is the XRP/NGN trading pair, bringing the total naira trading pairs on Binance for Nigerians to eight trading pairs.
Quick Facts: Ripple is said to enable “secure, instantly and nearly free global financial transactions of any size with no chargebacks.” The ledger employs the native cryptocurrency known as XRP. It was developed in 2012 by Ripple Labs.
Binance is available to various countries across Africa including Nigeria, South Africa, Uganda, Kenya and Ghana.
The ripple coin to naira market currently at the time of writing trades at over N29 million in volume pegged at N275 naira per ripple cryptocurrency (XRP)