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Binance expands, introduces Fiat crypto-exchange in Uganda

Simran Alphonso

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Bytecoin [BCN] gives anniversary surprise and lists on OKEx
Source: Pixabay

Binance announced on their official website about the first fiat crypto exchange, ‘Binance Uganda’. This enables retail and corporate investors to exchange Ugandan currency for cryptocurrencies. Binance expanded their services in an effort to spread cryptocurrency in remote regions and increase the audience of investors.

Uganda is officially known as ‘Republic of Uganda’. It is a landlocked country in the east of Africa. The country has been experiencing consistent economic growth since 2014 and Binance is now helping its development.

From today, the registrations for Binance Uganda are open. The first 20,000 users to register on www.binance.co.ug have been entitled to be rewarded with 0.5 BNB, Binance’s native token. BNB runs locally on the Ethereum blockchain and takes after the ERC20 token standard. The coin is currently traded at the price of $14.05.

Binance, on their website, said:

“As appreciation for the ongoing support from our users, we will provide Binance Uganda users with a month of zero trading fees once trading comes online. The opening of trading will be announced at a later time.”

Binance declared that the total pool of rewards for the promotion is strictly limited to 10,000 BNB, and will be distributed on a first come first served basis only.

Philip Arthur Moore, a Twitter user commented on Binance’s announcement saying:



“The future is bright for you. Congratulations! Proud of what you’re doing for the space”

CZ, The co-founder of Binance, on Twitter said:

“First fiat exchange for #Binance. Not about profits, but about spreading crypto. http://www.binance.co.ug”

The initiative of launching the first fiat exchange for Binance in Uganda is to spread crypto-word around the world. The exchange has focused not on the profits but on the aim of introducing cryptocurrency to lesser-known regions.





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Simran Alphonso is a Journalist at Ambcrypto. She has a background in Financial Markets and holds expertise in Digital Marketing.

Bitcoin Cash

Bitcoin Cash [BCH] rolls out iOS version of Bitcoin Cash Register

Rishi Raj

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Source: Pixabay

Bitcoin Cash [BCH] recently made headlines when the CEO of Bitcoin.com, Roger Ver got involved in a bet of $10,000 with Tone Vays, a popular Bitcoin maximalist which the former lost. After launching a free point-of-scale solution, Bitcoin Cash Register for Android operating systems, Bitcoin.com and its developers have rolled out an iOS version of the same.

Bitcoin Cash register allows anyone with an Android or iOS device to accept BCH payments. This came as a part of the company’s agenda to promote the adoption of crypto in the mainstream. With the installment Bitcoin Cash Register, it would be easier for retailers to accept BCH as payment from customers.



As reported by Bitcoin.com, Bitcoin Cash Register claims to be easy to use without any prior account registration and the transactions are carried out in a non-custodial manner. This was confirmed by Bitcoin.com via a tweet:

The bet between Roger Ver and Tone Vays regarding the low transaction fee had left the social media divided, with proponents on both sides arguing about the authenticity of the bet and factors taken into consideration while betting.





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